Anant Raj Ltd is set to invest Rs 4,500 crore in Andhra Pradesh to establish new data centers and an IT park via its subsidiary, Anant Raj Cloud Pvt Ltd. This initiative, outlined in a Memorandum of Understanding with the Andhra Pradesh Economic Development Board, will be executed in two phases. The investment is projected to generate around 16,000 jobs, comprising 8,500 direct and 7,500 indirect roles, thereby significantly boosting the local economy and digital ecosystem. Anant Raj currently operates 28 MW of IT load and aims to expand its total capacity to 307 MW by FY32. The company has recently raised Rs 1,100 crore through a qualified institutional placement to support this expansion. The collaboration with the Andhra Pradesh government aims to facilitate the timely execution of this project, enhancing the state's digital infrastructure.