Bharti Airtel shares in focus after $1 billion Nxtra deal, capacity expansion plans
Published on 01/04/2026 07:31 AM
Bharti Airtel shares in focus after $1 billion Nxtra deal, capacity expansion plansThe deal values Nxtra at $3.1 billion and is aimed at accelerating its expansion across India. The company plans to scale up its capacity from around 300MW currently to 1GW over the next few years, targeting a 25% market share.By Meghna Sen April 1, 2026, 7:31:07 AM IST (Published)2 Min ReadShares of Bharti Airtel Ltd. will be in focus on Wednesday, April 1, after the company announced a $1 billion investment in its data centre arm, Nxtra Data, alongside global investors.
The investment will be led by Alpha Wave Global, which will infuse $435 million, followed by Carlyle at $240 million and Anchorage Capital with $35 million. The remaining capital will be invested by Airtel itself.
Post the transaction, Airtel will continue to retain a controlling stake in Nxtra.
The deal values Nxtra at $3.1 billion and is aimed at accelerating its expansion across India. The company plans to scale up its capacity from around 300MW currently to 1GW over the next few years, targeting a 25% market share.
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Nxtra operates a pan-India network comprising 14 large core data centres and over 120 edge facilities, offering services such as co-location, cloud infrastructure, managed hosting, and disaster recovery.
The fresh capital will be used to expand infrastructure, including AI-ready data centre campuses, as demand from enterprises, hyperscalers, and government organisations continues to rise.
Nxtra has also partnered with Google to build a gigawatt-scale AI data centre campus.
Financially, Nxtra reported FY25 revenue of ₹2,080 crore and EBITDA of ₹790 crore, with a profit of ₹220 crore.
Brokerage firm CLSA has maintained an 'Outperform' rating on Bharti Airtel, with a price target of ₹2,310 per share.
The broader industry outlook also remains strong. According to a report by Savills India, India's data centre capacity is expected to grow at a CAGR of around 21% between 2024 and 2030, reaching nearly 3,400MW.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.TagsBharti AirtelBharti Airtel share priceBharti Airtel shares