Anantraj-A Decisive Move Into Data Centres

[Rajiv Handa]

Anantraj-Mkt Cap Rs 1900 Cr; CMP Rs 64..... A Transitional Change.....From a traditional land aggregator, builder Anantraj post its split/demerger from TARC has totally transitioned to a different segment-Data Centres. The corporate has 3 facilities in Manesar, Panchkula and Rai. In the first leg it is converting the Manesar Unit, from a plain vanilla office space to a 50 MW data Centre.  To convert all 3 units, the firm will need roughly Rs 160 crore which it has raised through the issue of Warrants convertible at Rs 56.   

Anant Raj Limited through its subsidiary Company, Anant Raj Cloud Private Limited, is setting up its first Data Centre at Tech Park in IMT Manesar, Haryana. The Company has already applied for TIA-942 Certification (which is expected to be received by end of July 2021) for its first phase of 21 MW of load capacity (expendable upto 50 MW). 

The basic structure for operation of Data  Centre is already completed and only need strengthening and other minor modifications as per regulations. The first phase is expected to be operational by January 1, 2022 and balance capacity of first phase will be expected to be operationalize by June 30, 2022.  The funds required for this projects have been raised by the Company by issue of fully convertible warrants on preferential basis.    

On the Residential side, 43 acres of the land in Sector 63A Gurgaon is being co-developed with Birla Real Estate-A Division of Century Textiles. The Company and Birla Estate entered into a 50:50 Joint Venture to develop 764 Independent Floors in 43 Acres at Sector 63A, Guruqram, Haryana, of which 3UU Independent Floors of first phase has been launched and has already achieved booking worth Rs. 500 crores. Over the next few years the Revenues from this project will work out to Rs 2200 crore. 

Such announcements alongside the Quarterly financials are a better way of communicating with investors, who otherwise wait for a minimum 18 months to get the previous years almost redundant Annual Report. I would hope more concerns will adopt such practices, and rather than work in a Vaccuum, it is better to share information