Kore Digital Partners with US Entities to Establish Hyperscale AI Data Center near Navi Mumbai Airport
Kore Digital Limited (KDL) has entered into a Joint Venture Agreement with Green Data Center USA and Thakkar Development Group LLC of USA. The partnership focuses on the development, implementation, commissioning, operation, and management of a Hyperscale AI Data Center project in Maharashtra, India.The proposed data center is strategically located near the Navi Mumbai International Airport. It aims to provide advanced digital infrastructure solutions tailored for cloud service providers, enterprise data requirements, artificial intelligence applications, and other high-density computing needs.
This joint venture brings together the technological expertise and operational capabilities of all three parties. The collaboration seeks to establish a world-class facility within one of India's most rapidly expanding digital infrastructure hubs.
The agreement, which was executed on June 9, 2026, outlines the collaborative structure for the development and operation of this hyperscale data center project, leveraging the respective technical and business expertise of the partners.
Key details regarding the joint venture include:
| Aspect | Details |
|---|---|
| Parties Involved | Kore Digital Limited, Green Data Center USA, and Thakkar Development Group LLC of USA. |
| Purpose | Development, implementation, commissioning, operation, and management of a Hyperscale Data Center near Navi Mumbai International Airport, Maharashtra, India. |
| Agreement Size | To be determined by the definitive project documentation and implementation plans. |
| Shareholding Status | None as of the date of the agreement. |
| Transaction Type | Not a related party transaction. |
| Binding Nature | The agreement is confirmed to be binding and enforceable. |
The venture will strengthen Kore Digital Limited's presence within the digital infrastructure and data center sector. Regarding the project structure, there are no material restrictions or liabilities imposed upon the Company other than those arising in the ordinary course of the Joint Venture Agreement.
Further details concerning the investment commitments, ownership structure, and specific project timelines shall be disclosed following the finalization of the venture and as required under applicable laws.
KDL Stock Price Movement
Shares of Kore Digital Limited are edging higher to ₹111.25 as of 2:47 PM today, with the stock gaining 2.20%. The company has seen solid volume in trading, having processed 8,250 shares and currently remaining near its intraday high of ₹111.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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