Shares of Anant Raj gained over 4% in early trade on Tuesday, June 2, after the company announced the signing of a memorandum of understanding (MoU) with the Haryana government to invest Rs 25,000 crore in developing data centre and cloud services infrastructure in the state.
The stock climbed as much as 4.1% to Rs 561.4 during the session as investors reacted positively to the large-scale investment announcement, which further strengthens the company’s position in the fast-growing digital infrastructure segment.
The company signed the MoU with the Haryana Enterprises Promoter Centre (HEPC) during the launch of the “Make in Haryana Policy and Other Sectoral Policies” event held on June 1.
According to the company's exchange filing, the agreement aims to support the expansion of Anant Raj’s digital infrastructure business operations in Haryana. Under the arrangement, the Haryana government, through HEPC, will provide facilitation support and ease-of-doing-business assistance for the proposed investments.
The collaboration framework also includes coordination with the Department of Information Technology, Electronics and Communication, Haryana State Electronics Development Corporation, Citizen Resource Information Department and the Department of Industries and Commerce, Government of Haryana.
The announcement comes amid growing demand for data centres, cloud infrastructure and artificial intelligence-driven computing facilities across India. The proposed investment is expected to strengthen Haryana’s position as a digital infrastructure hub while expanding Anant Raj’s presence in the sector.
As of June 2, shares of Anant Raj were trading around Rs 561.4, up more than 4% from the previous close. The stock has gained nearly 10% over the last month and has turned positive on a year-to-date basis.
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