Why it matters
The strategic read
A 3 GW AirTrunk campus would put India into the top tier of global AI-infrastructure megaprojects and shows Blackstone-backed APAC hyperscale capital moving from regional campuses into utility-scale, state-backed land aggregation near Mumbai. The LoI is early, but the disclosed value and power scale are large enough to matter for power procurement, water/cooling design, fiber routes, EPC demand, local permitting and India sovereign-cloud / AI workload localization.
Source-supported terms
What was disclosed
- 01
DCD reported that the Government of Maharashtra signed a letter of intent with AirTrunk for a $21B data-center deal, with the facility aiming to provide 3 GW of capacity.
- 02
Reuters, via Moneycontrol, reported that AirTrunk signed a letter of intent for land allotment in Maharashtra and plans to invest $21.05B in the data-center project.
- 03
Moneycontrol/Reuters said the campus will be located at the Raigad Penn Growth Centre on the outskirts of Mumbai and will have 3 GW capacity.
- 04
Maharashtra Chief Minister Devendra Fadnavis said the exchanged LoI covers land allotment at Raigad Pen Growth Centre / Orange City for an upcoming data center with Rs 2 lakh crore investment and 3 GW capacity.
- 05
The Maharashtra / ANI report says the LoI was announced after a meeting with AirTrunk founder and CEO Robin Khuda, with Australian Consul-General Paul Murphy also present.
- 06
AirTrunk is backed by Blackstone and already operates data-center campuses across Hong Kong, Japan, Malaysia and Singapore, according to Reuters / Moneycontrol.
- 07
The project remains at land-allotment LoI stage, so construction phasing, utility service agreements, grid interconnection details, power mix, anchor cloud/AI tenants, EPC awards, cooling design, financing package and permitting milestones are not fully public.
Disclosure boundary
What is known—and what is not
Land-allotment letter of intent publicly announced by Maharashtra leadership and covered by DCD, Reuters/Moneycontrol and ANI-syndicated Indian press. The public trail discloses site area, approximate investment value and planned 3 GW scale, but it is not yet a final construction contract, utility agreement, tenant lease or financing close. Treat as a threshold-scale state-backed development commitment with execution risk until land transfer, power, permits, EPC and customer terms are published.