Nabfid sanctions ₹3,000 crore loans for data centres
Nabfid has sanctioned loans over ₹3,000 crore each to four data centres, reflecting the growing financing needs for AI infrastructure in India. The loans include moratoriums of up to five years and a repayment period of ten years.
after close1 source ↓written by the desknot a recommendation
- each
- ₹3,000 crore
- repayment period
- 10-year
The National Bank for Financing Infrastructure and Development (Nabfid) has sanctioned loans exceeding ₹3,000 crore each to at least four data centres. This move highlights the increasing demand for financing in India's AI infrastructure sector. Nabfid anticipates that data centres will be a significant source of long-term project financing as major cloud service providers expand operations in India.
The loans feature moratoriums of up to five years, followed by a 10-year repayment period, indicating strong cash flow potential despite lengthy construction times.
Not investment advice. For informational purposes only.