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L&T-Cloudfiniti Signs First Major Client for 6 MW IT Load

12 December 20242 mins read by Angel One
L&T-Cloudfiniti secures its first major customer at its Sriperumbudur data centre, renting 6 MW IT load capacity for a 10-year contract.
L&T-Cloudfiniti Signs First Major Client for 6 MW IT Load
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L&T-Cloudfiniti, the data centre business initiative of Larsen & Toubro, has secured its first major customer at its state-of-the-art hyperscale data centre in Sriperumbudur, near Chennai. This milestone marks a significant step for Cloudfiniti, highlighting its capacity to serve high-demand clients with advanced infrastructure.

Data Centre Features and Major Win

The Sriperumbudur Data Centre boasts a built-in capacity of 30 MW, with 12 MW of colocation-ready capacity already operational across two floors. The newly onboarded customer, a leading cloud service provider, has committed to 6 MW of IT load capacity, utilizing high-density racks across an entire floor. The 10-year contract reflects the client’s trust in Cloudfiniti’s cutting-edge infrastructure and strategic location, cementing the data centre’s potential to cater to the growing demand for high-performance IT services.

Commenting on this development, the Chief Executive of L&T-Cloudfiniti, Seema Ambastha, said, “This deal marks the beginning of many such collaborations and acts as a testament to our commitment to delivering world-class colocation and cloud services to businesses across the spectrum. In the days to come, we are confident of redefining India’s data centre landscape with our fast scalable and reliable solutions.”

On December 12, 2024, L&T share price opened at ₹3,930.00, touching the day’s low at ₹3,870.40, as of 10:53 AM on the NSE.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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