India's Data Centers: Belding & Dynacons Race for Growth

India's modular data centre market is experiencing significant expansion, with projections indicating a value of US$3.71 billion by 2034. This growth is driven by increasing digital infrastructure needs across the nation.

Belding India is actively entering this space through its subsidiary, DC&T Global. The company has established a strategic partnership with a North American entity to market and distribute its modular data centre systems internationally, although revenue from this venture is yet to be realized.

Dynacons Systems & Solutions, an IT integrator, has secured a major five-year contract worth ₹750.82 crore from the Reserve Bank of India for private-cloud infrastructure. Additionally, it has received orders from Central Bank of India and NPCI, highlighting demand for enterprise computing solutions.

Despite these significant orders and an expanding order book for Dynacons, investors are advised to closely monitor execution and cash flow. Similarly, Belding's financial performance requires careful assessment to understand the contribution of its new data centre initiatives.

The broader constraint for data centre expansion in India remains reliable and cost-competitive electricity, with demand expected to surge to 191 terawatt hours by 2040.