Sify Technologies Limited (NASDAQ:SIFY) Q1 2023 Earnings Call Transcript

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Greg Burns: Okay. Great. And I don’t know if this is — one for Vijay or Nath. But can you just give us an update on your data center footprint. I think the last report was around 11 DCs and about 100 megawatts of power. What’s the roadmap like for this year? How much capacity in fiscal 2024? Are you bringing online? And what’s the timing of that?

Kamal Nath: Yes, we are in fact — yeah, Vijay, are you there?

M. P. Vijay Kumar: Yeah. Kamal, I’m here. So, we have three greenfield projects which are currently under construction. One of them is expected to go live later this quarter. And that particular capacity designed for about 38 megawatts and will get occupied by the customer in a phased manner. The other two facilities, the civil construction will get completed in the quarter 4 of the fiscal year. And basis our customer engagements will create the initial IT capacity required for the customers.

Greg Burns: Okay. So, between those three, how much — I guess you mentioned 38 megawatts and the one that’s coming online. But how much added capacity is that put you at? And then, I guess, could you just remind us of what your longer term targets are in terms of your data center investments? And does the new investment from Kotak increased — like increase your goals in terms of investment and capacity?

M. P. Vijay Kumar: I lost a part of your question because I got disconnected. I guess you are referring to additional capacities to be created in the future based on the new capital, which is coming from Kotak.

Greg Burns: Yes.

M. P. Vijay Kumar: Yeah. That is for new capacities, which we intend to create over the next 18 to 24 months, beyond the three greenfield projects which are currently under construction. The new capacities — we are currently completed our land acquisition. The design and planning work is in [Technical Difficulty]

Greg Burns: That’s okay. I could — we could connect offline and do this at another time.

M. P. Vijay Kumar: Yeah. Yeah.

Greg Burns: All right. No problem.

M. P. Vijay Kumar: Okay. I’m back here. So, it’s basically for new capacities beyond the current greenfield project. What we have done is financial closure ahead of new projects to be started.

Greg Burns: Okay. Great. Thank you.

M. P. Vijay Kumar: Thank you.

Operator: [Operator Instructions] There appear to be no further questions in queue. I would like to turn the call over to the management for closing remarks.

End of Q&A:

Raju Vegesna: Thank you for your time on this call. We look forward to interacting with you through the year. Thanks very much. Have a great day.

Operator: Thank you. This concludes today’s…

Praveen Krishna: Thank you.

Operator: Thank you. This concludes today’s conference. You may disconnect your lines at this time.

Praveen Krishna: Holly, if you don’t mind. To everybody on the call, we’re sorry about the interruptions that have been frequently happening. But if you have any further questions, you can reach out to me marked in the press release. My e-mail ID and my coordinates are there. Thank you very much, Holly.

Operator: Thank you. This concludes today’s conference, and you may disconnect your lines at this time. Thank you for your participation.

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