Tata Consultancy Services Limited — Investor Meet, 04-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

TCS is strategically investing in AI-focused data centers, a core pillar of its vision to be a leading AI-led technology services company. India's data center capacity is projected for massive growth, driven by hyperscalers and AI firms. TCS plans phased 100-200 MW builds, costing ~$600M-$1B initially, funded via debt and equity. It emphasizes high-density, liquid-cooled AI data centers (₹35-45 Cr/MW capex). Built on firm demand, first revenues by FY27-28, with project IRRs in mid to high teens. This move secures long-term annuity revenues and aligns with strategic growth.