India's Data Centers Surge: $100B Investment by 2027

India's data centre sector is projected to attract over $100 billion in cumulative investment by 2027. Concurrently, electricity demand from this sector is anticipated to surge more than thirteenfold, from approximately 1 GW in late 2025 to 13.6 GW by FY32.

This expansion fuels opportunities across the value chain, emphasizing renewable energy supply and electrical infrastructure. CleanMax Enviro Energy, a leader in renewable energy, exclusively serves commercial and industrial clients, boasting a 6,831 MW portfolio. It holds a significant market share in India's C&I green power sector, contracting with major hyperscalers.

Diamond Power Infrastructure, an integrated manufacturer of power transmission and distribution equipment, is crucial for supplying the necessary cables. The company has secured substantial orders for data centre cable projects, focusing on higher-margin medium and extra-high voltage cables to meet demand.

Both companies are strategically positioned to benefit from this growth. CleanMax is integrating battery storage and expanding its operational capacity, while Diamond Power is increasing its manufacturing capabilities for specialized data centre cables. Any slowdown in data centre construction poses a risk to both entities.