Anant Raj Signs Agreement with CSC Data Services for Data Centre and Cloud Solutions

Anant Raj Ltd has entered into an agreement with CSC Data Services India Ltd (CDSIL), a subsidiary of CSC E-Governance Services India Ltd. The partnership focuses on providing rack rental (co-location data centres) and cloud services to government departments and private organisations.

Details of the Agreement

Under this agreement, Anant Raj Cloud Pvt. Ltd (ARC), a 100% subsidiary of Anant Raj Ltd, will offer technical, technology, and marketing support to CDSIL. The collaboration also includes implementing sovereign data centre services and disaster recovery solutions.

About CSC Data Services India Ltd

CDSIL is a subsidiary of CSC E-Governance Services India Ltd, which operates under the National e-Governance Plan of the Government of India. The company provides data centre services, web hosting, IT and ITES, and turnkey solutions, primarily serving government entities and departments.

Market Reaction 

Following the announcement on Feb 17, Anant Raj’s stock closed at ₹520.35 on the BSE, down ₹34.50 or 6.22%. However, in early trade today,  on February 18, 2025, the stock saw an initial increase of 3%, reaching ₹534.35 but was later trading at ₹495.75, down 4.49% (-₹23.30) as of Feb 18, 12:31 PM. Over the past year, the stock has gained more than 50%, with a 52-week high of ₹947.25 and a low of ₹281.15.

Financial Performance

For the December quarter, Anant Raj Ltd reported a net profit of ₹110.32 crore, showing a 53.58% year-on-year increase. Revenue rose by 36.29% to ₹534.64 crore compared to the same period last year.

As per the filing, the agreement focuses on expanding data infrastructure in India. It provides Anant Raj with an entry into the data centre business while CDSIL gains additional support for its services. The impact of this partnership will depend on how effectively both companies implement the agreement and secure clients.

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