Sify Technologies’ wholly owned subsidiary, Sify Infinit Spaces Limited (SISL), has secured sustainability-linked financing from the International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group.
The funding will support the development of two data centres in Navi Mumbai and Chennai with a combined capacity of 103 megawatt (MW). The facilities are being designed to support high-density computing workloads.
Under the transaction, IFC will provide a direct loan of $71 million and will also work with SISL to mobilise up to $300 million in additional financing to support the company’s growth and expansion plans in India.
