Hot Pursuit     10-Apr-23
Anant Raj arm ties up with TCIL
Anant Raj said that its wholly owned subsidiary, Anant Raj Cloud has formed an alliance with Telecommunication Consultants India (TCIL) for data centres.
TCIL, a prime telecom engineering and consultancy company, is a wholly owned Government of India Public Sector Enterprise under Department of Telecommunications (DOT), Ministry of Communications, Government of India.

The company has plans to develop data centres of 300 MW of IT load at Manesar, Rai and Panchkula. The first phase at Manesar is ready.

Anant Raj is primarily engaged in development and construction of information and technology parks, data centers, hospitality projects, special economic zones, office complexes, shopping malls and residential projects primarly in the State of Delhi, Haryana, Rajasthan and the National Capital Region.

On consolidated basis, the company's net profit stood at Rs 45.63 crore in Q3 FY23, steeply higher from 11.82 crore in Q3 FY22. Net sales soared 173% year on year to Rs 265.78 crore in Q3 FY23.

The scrip was down 0.52% to Rs 134.85 on the BSE.

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