Mumbai, Nov. 25 -- The revenue of India's data centre operators is likely to reach nearly Rs 20,000 crore annually by fiscal 2028, said a report by Crisil Ratings on Tuesday.

This translates into robust annual growth of 20-22% as both enterprises and retail consumers dial up their use of digital technologies and platforms.

Crisil noted that to meet the growing demand, industry capacity is likely to double, reaching 2.3-2.5 gigawatt (GW) by March 2028.

While capital expenditure is set to increase substantially, necessitating significant debt funding, the agency expects operators' credit profiles to remain stable due to steady cash flows from existing facilities, which will help keep leverage metrics, including Ebitda, under control.

Ac...