Sterling and Wilson Pvt Ltd has planned to carve out its data centre business into a new entity. The Shapoorji Pallonji Group company has also roped in strategic investors to this effect.
In a release, Sterling and Wilson Pvt Ltd (SWPL) said that it has signed definitive agreements with a group of strategic investors to carve out its Data Centre business into a new entity. This will help the Data Centre business to unleash its true growth potential.
SBU in 2015
Sterling and Wilson was amongst the first Indian EPC companies to create a strategic business unit (SBU) for Data Centres way back in 2015. Over the last eight years, S&W has built a robust reputation and impeccable credentials by successfully delivering 24 DCs globally, totaling 63 MW of capacity. Of these, six have been delivered in the international markets of MENA and Sub-Saharan Africa.
Bolstering business growth
Commenting on this occasion, Prasanna Sarambale, CEO, Data Centre Business, Sterling and Wilson Pvt Ltd said, “We are certain that this agreement will bolster business growth by fully leveraging our strength as a market leader and taking advantage of the unprecedented expansion happening across the Data Centre industry. This growth will benefit all stakeholders with higher project realization and improved cash flows due to substantial increase in the average ticket size of DC projects worldwide.”
Tremendous potential
According to Khurshed Daruvala, Chairman of SWPL “As a diversified business group with interest across Solar EPC, Industrial EPC, T&D, MEP, generators and other segments, we felt that the Data Centre portfolio has tremendous potential. We, therefore, inked this agreement to strengthen our balance sheet to support our brilliant management team. The new investors on board will further strengthen our financial position.”
Market leadership
The company is a market leader in the Egyptian DC market having completed four data centres successfully. It is currently executing 5 MW in the Kingdom of Saudi Arabia, 10 MW for a Hyperscaler in Hyderabad, India and 3 MW for a client in African countries of DR Congo and Angola. It is expecting further projects in India, Egypt, UAE, KSA, Kenya, Tanzania, and Nigeria.
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Featured photograph (source: www.sterlingandwilson.com) shows the Bhamashah State Data Centre in Jaipur, Rajasthan for which Sterling and Wilson undertook turnkey implementation covering construction of G+6 building, liasoning works, electrical works, HVAC, interior works, firefighting, plumbing, diesel generator installation, IBMS, etc.
