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Canada Pension Plan Investment Board, one of the biggest foreign investors in Indian infrastructure, is investing up to ₹7,000 crore in CtrlS Datacenters.
CtrlS is a Hyderabad-based data centre company that operates more than 15 data centres across India. The investment values the company at around ₹44,824 crore, or about $4.74 billion, before the money comes in.
Breaking it down: as part of the deal, CtrlS and CPPIB will also form a joint venture to build large hyperscale data centre campuses across India. CPPIB will invest ₹3,000 crore for a 48% stake, while CtrlS will hold the remaining 52%.
CPPIB's total investments in India stood at ₹1.85 lakh crore as of March 31, 2026.
India is quickly becoming one of the hottest data centre markets in the world.
Earlier this month, Blackstone-backed AirTrunk announced plans to invest $30 billion to build 5 GW of data centre capacity in India by 2030. Meta also partnered with Reliance Industries for a 168 MW AI-enabled data centre in Gujarat.
