IFC Commits $371 Mn In Sify Arm To Build Two Data Centres (opens in new tab)

World Bank’s private lending arm International Finance Corporation (IFC) has announced a commitment of $371 Mn (₹3,500 Cr) in Sify Technologies’ subsidiary, Sify Infinit Spaces Ltd. (SISL), to develop two data centres in Navi Mumbai and Chennai. The two upcoming data centres will have a combined capacity of 103 MW. In a statement, IFC said that the financial package includes a loan of $71 Mn (₹675 Cr) and $300 Mn (₹2,830 Cr) in additional support via debt mobilisation to support SISL’s growth...