Anant Raj's shares surged after announcing a significant partnership with the Government of Haryana to boost the state's digital infrastructure. The real estate developer plans to invest Rs 25,000 crore in data centers and cloud services, aiming to position Haryana as a major hub for next-generation digital investments.
Synopsis
Anant Raj's shares surged after announcing a significant partnership with the Government of Haryana to boost the state's digital infrastructure. The real estate developer plans to invest Rs 25,000 crore in data centers and cloud services, aiming to position Haryana as a major hub for next-generation digital investments.
Shares of Anant Raj surged as much as 4.6% to Rs 563.25 in Tuesday's trade after the company announced a landmark partnership with the Government of Haryana to accelerate the state's digital infrastructure buildout.
The real estate and infrastructure developer has signed a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), marking a significant step in its ambitions to expand its data centre and cloud services business.
The agreement was formalized on June 1, 2026, during the launch of the "Make in Haryana Policy & Other Sectoral Policies" event, presided over by Haryana Chief Minister Nayab Singh Saini.
Rs 25,000 crore investment plan
Under the MoU, Anant Raj intends to invest around Rs 25,000 crore in building data centres and cloud infrastructure across Haryana. The move highlights the company's increasing emphasis on digital infrastructure as demand continues to grow for artificial intelligence (AI), cloud computing, and data storage solutions.
The partnership framework involves several key government departments and agencies, including:
Haryana Enterprises Promotion Centre (HEPC)
Department of Information Technology, Electronics & Communication
Haryana State Electronics Development Corporation
Citizen Resources Information Department
Department of Industries & Commerce
Live Events
The agreement is designed to support Anant Raj's expansion of its Digital Infrastructure Business, encompassing both data centre operations and cloud services. The Haryana government, through HEPC, has committed to providing facilitation support and ease-of-doing-business assistance to help fast-track the project.
The company said the arrangement aims to foster long-term cooperation between the state government and Anant Raj, positioning Haryana as a major hub for next-generation digital infrastructure investments.
Anant Raj clarified that the MoU does not involve any shareholding arrangement, special rights, equity issuance, or related-party transaction. The agreement is focused solely on enabling investment and operational expansion in the state.
Share price performance and technical indicators
Over the past three years, the stock has delivered strong returns, rallying nearly 254%. The company currently commands a market capitalization of approximately Rs 19,406 crore.
From a technical perspective, the 14-day Relative Strength Index (RSI) stands at 61. An RSI reading below 30 typically indicates oversold conditions, while a reading above 70 suggests the stock may be overbought.
The stock also exhibits strong bullish momentum, trading above all eight of its key Simple Moving Averages (SMAs), signaling a positive technical trend.
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