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Data Center Stocks: Top Data Center Shares in India (2026)

As of 2026, India’s data centre capacity is around 1.7–2.0 GW and could reach 4–5 GW by 2030, driven by AI, cloud adoption, digitalisation and data localisation. Mumbai remains the largest hub, while investment continues across power, cooling, connectivity and hyperscale infrastructure.

Best Data Center Stocks in India (2026)

Data Center Stock Screener

Data Center Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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Showing 1 - 13 of 13 results

last updated at 6:30 AM IST 
NameStocks (13)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Larsen and Toubro LtdLTConstruction & EngineeringConstruction & Engineering5,34,535.205,34,535.203,885.003,885.0033.2333.231.271.27-4.50-4.507.687.685.405.404.164.1613.1913.1916.4616.460.980.980.980.981.821.82
2.ABB India LtdABBHeavy Electrical EquipmentsHeavy Electrical Equipments1,54,067.981,54,067.987,270.507,270.5092.3592.351.961.96-5.08-5.0814.7214.7233.7533.7519.6619.6622.3822.3828.4528.450.540.540.010.012.132.13
3.Hitachi Energy India LtdPOWERINDIAHeavy Electrical EquipmentsHeavy Electrical Equipments1,45,751.631,45,751.6332,700.0032,700.00147.55147.554.714.71-8.09-8.0930.9330.9368.7468.7428.1628.1621.0421.0425.2025.200.020.020.020.023.123.12
4.Cummins India LtdCUMMINSINDIndustrial MachineryIndustrial Machinery1,41,358.141,41,358.145,099.505,099.5059.8559.851.581.58-6.92-6.928.108.1024.3524.3516.6816.6829.4529.4534.9534.951.291.290.000.002.012.01
5.Voltas LtdVOLTASHome Electronics & AppliancesHome Electronics & Appliances36,757.9936,757.991,110.901,110.9097.7997.79-2.12-2.12-11.97-11.97-21.91-21.91-22.11-22.115.745.745.815.819.289.280.360.360.160.162.172.17
6.Blue Star LtdBLUESTARCOHome Electronics & AppliancesHome Electronics & Appliances31,492.8531,492.851,531.801,531.8059.6859.68-1.37-1.370.740.74-15.82-15.82-21.89-21.899.179.1716.2316.2320.9520.950.550.550.240.242.242.24
7.Kirloskar Oil Engines LtdKIRLOSENGIndustrial MachineryIndustrial Machinery31,433.7431,433.742,160.102,160.1054.7354.731.861.862.862.8650.4750.47129.48129.488.798.7917.3217.3218.4818.480.320.321.501.503.283.28
8.Amber Enterprises India LtdAMBERHome Electronics & AppliancesHome Electronics & Appliances25,128.2825,128.287,125.007,125.00141.45141.451.121.12-1.93-1.934.014.01-13.75-13.754.334.334.384.387.707.70--0.470.472.822.82
9.Anant Raj LtdANANTRAJReal EstateReal Estate21,813.9421,813.94606.15606.1539.3239.321.551.55-3.33-3.3328.7528.753.533.533.753.7511.0911.0910.3910.39--0.120.123.093.09
10.KEC International LtdKECConstruction & EngineeringConstruction & Engineering10,761.1410,761.14404.25404.2517.7717.770.570.57-7.32-7.32-28.06-28.06-53.74-53.741.751.7510.5310.5323.3123.311.361.360.870.872.532.53
11.RailTel Corporation of India LimitedRAILTELCommunication & NetworkingCommunication & Networking8,504.878,504.87265.00265.0024.5624.562.222.22-5.09-5.09-6.18-6.18-33.35-33.353.763.7616.2516.2518.5518.551.231.230.030.032.712.71
12.Aurionpro Solutions LtdAURIONPROIT Services & ConsultingIT Services & Consulting3,788.743,788.74685.60685.6018.1018.10-2.75-2.75-5.12-5.12-18.05-18.05-43.95-43.952.512.5115.1715.1716.7016.700.570.570.020.023.153.15
13.Bajel Projects LtdBAJELConstruction & EngineeringConstruction & Engineering1,988.951,988.95171.91171.9198.1298.12-0.68-0.68-7.58-7.582.312.31-20.38-20.382.662.662.872.8712.9712.970.350.350.490.492.992.99
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Data Center Stocks, based on publicly available information and is sorted by market cap.

Union Budget 2026-27 Updates Affecting the Data Centre Sector in India

The Union Budget 2026–27 introduced targeted tax measures to attract long-term global cloud and data centre-linked investments into India. The Budget speech and supporting tax documents outlined the key provisions below.

  1. The Budget proposed a tax holiday till 2047 for any foreign company that provides cloud services to global customers using data centre services from India, with a condition that services to Indian customers must be delivered through an Indian reseller entity.
  2. The Budget proposed a safe harbour of 15% on cost where the Indian data centre service provider is a related entity, aimed at providing tax certainty for intra-group arrangements.
  3. The Finance Bill, 2026 provided the legislative backing for the data centre incentive by inserting definitions for “data centre”, “data centre services”, and “specified data centre”, and it stated the amendments take effect from 1 April 2026.
  4. The official “Tax Reforms” document summarised the same package as “Data Centre Incentives”, reiterating the tax holiday till 2047 and the related-entity safe harbour.

Top Data Centre Stocks in India

Larsen and Toubro Ltd

Larsen and Toubro Ltd is one of India’s largest engineering and construction conglomerates, L&T operates across infrastructure, power, defence, and technology services. Its projects span metros, airports, and defence systems, making it a cornerstone of India’s industrial and infrastructure growth.

Cummins India Ltd

Cummins India Ltd is a subsidiary of global giant Cummins Inc., the company provides engines, power generation systems, and related technologies. Widely used in construction, mining, railways, and industrial applications, Cummins India plays a vital role in meeting the country’s energy and mobility needs.

ABB India Ltd

Part of ABB Group, it delivers solutions in electrification, motion, robotics, and automation. ABB India helps industries enhance productivity and energy efficiency, with applications in manufacturing, utilities, and transport, aligning with India’s automation and renewable energy goals.

Hitachi Energy India Ltd

Formerly ABB Power Products, the company focuses on power grids and renewable integration. It provides solutions for reliable electricity transmission and distribution, supporting India’s push towards clean energy, smart grids, and sustainable infrastructure.

Voltas Ltd

A Tata Group company, Voltas is best known for its air conditioning and cooling appliances. It also undertakes large engineering projects in HVAC, water management, and refrigeration, serving both consumer and industrial markets across India and overseas.

What are Data Center Stocks?

Data center stocks are shares of publicly listed companies that either build, own, or operate data centers, or provide the critical infrastructure and services needed to run them.

In simple terms, a data center is a specialised facility that houses computer servers, networking equipment, and storage systems, enabling businesses to process, store, and manage large amounts of data. With the rise of cloud computing, 5G, AI, and digital payments, the demand for such facilities has surged in India.

So, data center stocks in India typically include:
- Pure operators: Companies that directly develop and run data centers (e.g., Adani Enterprises via AdaniConneX, Techno Electric via its digital infra arm).
- Infrastructure & utilities providers: Firms supplying power, cooling, electrical, or network infrastructure needed for data centers (e.g., Marine Electricals, Kirloskar Oil Engines).
- Telecom & IT service companies: Players offering connectivity and managed hosting services as part of their data center business (e.g., Tata Communications, RailTel).
- Cloud and tech enablers: Companies providing cloud infrastructure, AI compute, or platform solutions tied to data center growth (e.g., Netweb Technologies, E2E Networks).

How to Invest in Data Center Stocks?

Investing in data center stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in data center stocks:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
    2. 

  2. Search for Data Center Stocks: Go to Tickertape Stock Screener and search for Data Center stocks.
    3. 

  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter if your preferred parameters are not available. This can help you narrow down the top data center stocks in India.
    4. 

  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
    5. 

  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
    6. 

  6. Invest Through Your Broker: Once you’ve identified data center stocks that align with your investment thesis, you can place a buy order through your brokerage account linked to Tickertape.
    7. 


You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Advantages of Investing in Data Center Stocks

Exposure to a High-Growth Sector

E20 Demand

India achieved 20% ethanol blending in petrol during 2025-26, increasing structural demand from oil marketing companies and expanding the domestic market for fuel ethanol producers.

Capacity Expansion

India’s ethanol production capacity increased from 421 cr litres in 2014 to about 2,000 cr litres in 2026, reflecting substantial expansion across grain and sugar-based distilleries.

Higher Procurement

Ethanol procurement increased from around 38 cr litres in 2013-14 to more than 1,200 cr litres projected for 2025-26, creating larger offtake opportunities for producers.

Import Savings

Higher ethanol blending reduces dependence on imported crude oil, improving India’s energy security while creating domestic demand for agricultural feedstocks such as sugarcane, maize and damaged grains.

Diversified Feedstocks

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Risks of Investing in Data Center Stocks

Feedstock Prices

Ethanol producers depend on sugarcane, molasses, maize and other grains. Higher agricultural prices can raise production costs and pressure margins when procurement prices remain fixed.

Policy Dependence

Fuel ethanol demand remains closely linked to government blending mandates, procurement rules and administered prices. Changes in these policies can directly alter industry volumes and profitability.

Food Competition

Greater use of grains and sugarcane for ethanol production can compete with food and feed requirements, potentially leading to restrictions when crop availability weakens.

Water Intensity

Sugarcane-based ethanol can involve significant water usage, making production sensitive to rainfall, groundwater availability and regional sustainability concerns, particularly in water-stressed agricultural areas.

Beyond E20 Uncertainty

India achieved E20 ahead of schedule, but the government had not finalised a broader nationwide blending target beyond 20%, limiting visibility on future incremental demand.

Factors to Consider Before Investing in Data Center Stocks

Blending Rates

The mandated ethanol percentage in petrol directly influences demand for procurement. India moved from below 1.5% blending in 2013-14 to 20% in 2025-26.

Procurement Prices

Oil marketing companies procure ethanol at government-linked prices that vary by feedstock, making pricing revisions an important factor influencing producer revenue and operating margins.

Feedstock Mix

The share of ethanol produced from sugarcane, molasses, maize and damaged grains affects production costs, plant utilisation and exposure to agricultural commodity cycles.

Distillery Utilisation

India’s ethanol capacity reached about 2,000 cr litres in 2026, so utilisation levels determine how effectively installed distilleries convert available capacity into sales and cash flows.

Vehicle Compatibility

From April 2026, BS-VI vehicles must comply with E20 emission standards, linking ethanol demand increasingly with vehicle compatibility, fuel specifications and implementation across petrol retail networks.

Conclusion

The data center sector in India shows strong promise with rising digital demand, government incentives, and data localisation. Yet, risks like heavy capital needs, high valuations, and regulatory uncertainty remain. To filter through opportunities and even spot legit cybersecurity stocks, Tickertape Stock Screener offers over 200 filters, helping you identify data center stocks in India that fit your investment thesis while balancing growth potential with risks.

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Frequently Asked Questions on Data Center Stocks

  1. What are data center stocks?

    Data center stocks represent companies that operate or support large-scale facilities used to store, manage and process digital data. Data center stocks in India can include operators, power-equipment companies, cooling providers and connectivity businesses. Their growth depends on cloud adoption, AI workloads, OTT usage and data localisation, while high capital intensity and power costs remain key risks.

  2. Which is the best data centre stock?

    The following are among the best data center stocks in India based on 1-year returns:

    1. Hitachi Energy India Ltd
    2. Cummins India Ltd
    3. Amber Enterprises India Ltd

    Disclaimer: This list of data center stocks is only for educational purposes, as the latest data is derived from Tickertape Stock Screener.

  3. How to invest in data center stocks?

    You can explore listed data center companies in India using the following steps:

    1. Go to the Tickertape Stock Screener.
    2. Select the "Data Center" stocks.
    3. From the Data Center Stocks, analyse and sort the Data Center Stocks using over 200+ filters - including valuation ratios, financials, technical indicators, and more - based on your investment thesis.
    4. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
    5. Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Data Center Stocks.

    Disclaimer: Please do your own research or consult your financial advisor before investing.

  4. What is the future projection of data center stocks?

    India’s data-centre capacity could exceed 4,500 MW by 2030, supported by AI adoption, cloud demand and data localisation. This growth may influence data center stocks in India, although heavy capital expenditure, power availability and execution risks remain important industry constraints.

    Disclaimer: This is only for educational purposes as the latest data is derived from major financial research reports.

  5. How to choose data center stocks for investing?

    Factors such as market position, installed capacity, geographic presence, utilisation and financial health can provide context when analysing data center penny stocks in India or larger listed companies. Cloud demand, AI adoption, power sourcing and sustainability requirements can also influence performance.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  6. Do data center stocks offer regular dividends?

    Dividends can be limited or irregular because many data-centre companies prioritise capital expenditure for expansion. The same applies to businesses tracked as India data centre cooling stocks, where companies may reinvest cash flows into capacity, equipment and technology upgrades.

    Disclaimer: This is only for educational purposes as the latest data is derived from Tickertape Stock Screener.

  7. What are the factors affecting data center share price?

    Share prices of listed data center companies in India can be influenced by cloud and AI demand, capital expenditure, power costs, capacity utilisation, hyperscaler contracts, financing conditions and government policies.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.