The proposed data center investment shall be made through the company’s new subsidiary and step-down subsidiaries that will be set-up for this business.

HCL Technologies posted a 20 percent year-on-year  (YoY)  rise in net profit for the June quarter at INR 4,624 crore. As part of its AI-led transformation, the company will invest up to INR 3,500 crore to establish AI data centers, with the potential to scale to 50MW of capacity....

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Via entrepreneur.com