Noida-based IT services major HCL Technologies is putting as much as Rs 3,500 crore behind an ambitious push into AI data centres, betting that owning everything from infrastructure and compute to models and managed services will produce more value than merely renting space and power.
But the company is also putting guardrails around one of its most capital-intensive strategic moves. The initial investment will create only a fraction of its proposed 50-megawatt capacity, while subsequent spending will depend on the scale of the business, cash flow generation and returns.
