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A year after the Maharashtra government approved the Green Integrated Data Centre Parks in Mumbai Metropolitan Region, it has signed a Memorandum of Understanding with Lodha Developers for setting up a data centre park in Palava. With a legacy of several decades in construction, Lodha will play the role of a developer for several players who are keen on setting up data centres.
Back in 2019, Government of Maharashtra declared Integrated Data Centres as a ‘Thrust Area' for industrial growth in the state. In recent times, the demand for data centres is increasing with the growth of cloud computing, artificial intelligence (AI), and digital services. In a bid to ensure that data centres thrive in the state, the Government of Maharashtra introduced Green Integrated Data Centre Parks policy last year in October.
Under this policy, data centres, which are significant consumers of electricity, will be powered by green and alternative energy sources. To begin with, three parks will be set up under the programme in the MMR region.
The MoU outlines that the total proposed investment would be of Rs 30,000 crore and create 6,000 direct and indirect jobs. The park, with a planned capacity of 2 GWs, is designed to host multiple leading international and domestic players. Combined investments of over Rs 30,000 crore are anticipated from Lodha and various data centre players in this park.
Lodha Developers Ltd gained 1.97% today to trade at Rs 1202.5. The BSE Realty index is up 0.79% to quote at 6921.01. The index is up 0.55 % over last one month. Among the other constituents of the index, Anant Raj Ltd increased 1.33% and DLF Ltd added 0.97% on the day. The BSE Realty index went down 14.43 % over last one year compared to the 1.45% fall in benchmark SENSEX.
Lodha Developers Ltd has lost 1.91% over last one month compared to 0.55% gain in BSE Realty index and 1.51% rise in the SENSEX. On the BSE, 38802 shares were traded in the counter so far compared with average daily volumes of 28333 shares in the past one month. The stock hit a record high of Rs 1534.25 on 09 Jun 2025. The stock hit a 52-week low of Rs 1036 on 17 Mar 2025.
Lodha Developers Ltd, BEML Ltd, HFCL Ltd, Lupin Ltd are among the other stocks to see a surge in volumes on BSE today, 12 September 2025.
JBM Auto Ltd clocked volume of 6.7 lakh shares by 10:47 IST on BSE, a 26.12 times surge over two-week average daily volume of 25635 shares. The stock gained 9.34% to Rs.683.95. Volumes stood at 31043 shares in the last session.
Lodha Developers Ltd recorded volume of 1.21 lakh shares by 10:47 IST on BSE, a 6.62 times surge over two-week average daily volume of 18235 shares. The stock lost 0.17% to Rs.1,177.30. Volumes stood at 21648 shares in the last session.
BEML Ltd witnessed volume of 59833 shares by 10:47 IST on BSE, a 3.55 times surge over two-week average daily volume of 16856 shares. The stock increased 3.60% to Rs.4,197.75. Volumes stood at 13180 shares in the last session.
HFCL Ltd registered volume of 22.91 lakh shares by 10:47 IST on BSE, a 3.36 fold spurt over two-week average daily volume of 6.81 lakh shares. The stock rose 3.41% to Rs.72.69. Volumes stood at 4.14 lakh shares in the last session.
Lupin Ltd registered volume of 36557 shares by 10:47 IST on BSE, a 2.67 fold spurt over two-week average daily volume of 13694 shares. The stock rose 2.59% to Rs.2,040.20. Volumes stood at 11582 shares in the last session.
This move follows the state’s approval last year of the Green Integrated Data Centre Parks policy aimed at promoting sustainable data centre infrastructure.
Under the agreement, Lodha will serve as the developer for multiple domestic and international players looking to establish data centres in the park. The initiative supports Maharashtra’s designation of integrated data centres as a ‘Thrust Area’ for industrial growth since 2019.
Rising demand from cloud computing, artificial intelligence (AI), and digital services has driven the government to introduce the green policy in October 2024, which mandates that data centres be powered primarily by renewable and alternative energy sources.
The park will have a planned capacity of 2 gigawatts (GW) and is expected to attract investments exceeding Rs 30,000 crore from Lodha and other data centre operators. It is projected to create around 6,000 direct and indirect jobs, boosting employment in the region.
Abhishek Lodha, MD & CEO of Lodha Developers, said, “We are proud to partner with the Maharashtra government on this transformative project. The Green Integrated Data Centre Parks policy will create jobs, accelerate economic growth, and promote sustainable energy use. Lodha is committed to achieving net-zero emissions across our operations in the coming years.”
The government plans to launch three such parks initially in the MMR to establish Maharashtra as a national leader in green digital infrastructure.
Lodha Developers is primarily engaged in the business of real estate development.
The company’s consolidated net profit jumped 42% to Rs 674.70 crore on 22.7% rise in revenue from operations to Rs 3,491.70 crore in Q1 FY26 over Q1 FY25.
Shares of Lodha Developers shed 0.20% to Rs 1,176.95 on the BSE.
Lodha Developers Ltd rose 0.6% today to trade at Rs 1200.9. The BSE Realty index is up 0.45% to quote at 6910.87. The index is down 2.49 % over last one month. Among the other constituents of the index, Sobha Ltd increased 0.53% and DLF Ltd added 0.38% on the day. The BSE Realty index went down 15.37 % over last one year compared to the 2.74% fall in benchmark SENSEX.
Lodha Developers Ltd has lost 3.46% over last one month compared to 2.49% fall in BSE Realty index and 0.89% drop in the SENSEX. On the BSE, 86 shares were traded in the counter so far compared with average daily volumes of 33004 shares in the past one month. The stock hit a record high of Rs 1534.25 on 09 Jun 2025. The stock hit a 52-week low of Rs 1036 on 17 Mar 2025.
Brigade Enterprises Ltd fell 1.75% today to trade at Rs 927.4. The BSE Realty index is down 0.61% to quote at 6916.01. The index is down 3.78 % over last one month. Among the other constituents of the index, Lodha Developers Ltd decreased 0.76% and Anant Raj Ltd lost 0.65% on the day. The BSE Realty index went down 14.53 % over last one year compared to the 1.26% fall in benchmark SENSEX.
Brigade Enterprises Ltd has lost 8.28% over last one month compared to 3.78% fall in BSE Realty index and 0.72% drop in the SENSEX. On the BSE, 191 shares were traded in the counter so far compared with average daily volumes of 25612 shares in the past one month. The stock hit a record high of Rs 1450 on 27 Sep 2024. The stock hit a 52-week low of Rs 812.85 on 07 Apr 2025.
The company said, 'Rajendra Lodha is a distant relative (fourth-degree) of the Company's Managing Director & CEO. This development will have no material impact on the performance of the Company.'