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NaBFID Lines Up ₹3,000 Crore Loans to Expand India’s Data Hubs
NaBFID is preparing loans to help build more data centres in India.
Data centres are large facilities that store and process digital information.
Building them costs a lot because they need land, electricity, cooling systems, and special equipment.
The loans can give companies up to five years before they begin repayment.
After that, the loans can be repaid over 10 years.
NaBFID says data centres can produce steady income once they start operating.
The bank expects India’s data centres to need about ₹1 lakh crore by March 2031.
It is also raising money from foreign lenders and investors.
These projects are part of India’s growing digital and artificial-intelligence infrastructure.
NaBFID has sanctioned ₹3,000 crore in loans for data-centre projects in India.
The loans can include moratoriums of up to five years, followed by repayment over 10 years.
NaBFID estimates Indian data centres will need about ₹1 lakh crore in funding through March 2031.
The lender plans to raise around ₹1 trillion in the financial year ending March, with about 40% expected from offshore sources by December.
NaBFID has secured nearly $1 billion in foreign-currency loans and plans a similar-sized 10-year dollar bond.
- Who
- NaBFID, led by managing director Rajkiran Rai G, and data-centre developers, hyperscalers, and cloud-service providers.
- What
- NaBFID is arranging ₹3,000 crore in loans for data-centre projects and expanding its funding sources.
- Where
- India, with some financing expected from offshore sources.
- When
- The loans were discussed in an interview; related funding plans cover the financial year ending March and extend through March 2031.
- Why
- Data centres require heavy upfront investment, while their operating cash flows can support long-term project financing.
Key facts
- Sanctioned loans
- ₹3,000 crore for data-centre projects
- Loan structure
- Moratoriums of up to five years, followed by repayment over 10 years
- Estimated funding need
- Approximately ₹1 lakh crore through March 2031
- NaBFID fundraising target
- Around ₹1 trillion in the financial year ending March
- Offshore funding share
- About 40% expected by the end of December
- Foreign-currency loans
- Nearly $1 billion secured through a Reserve Bank of India window
- Planned bond
- A similar-sized 10-year dollar bond targeted for late September
Quotes
Rajkiran Rai G
Managing director of NaBFID
“The facilities sanctioned by Nabfid carry moratoriums of as much as five years, followed by repayment over the next 10 years.”
businesstoday.in
Sources
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