Under the deal, Indonesian billionaire Alexander Ramlie’s UK-based Dhilmar will pay $2.3 billion in cash upon the completion of the transaction in the first quarter of 2027 and an additional of up to $1.6 billion depending on the price of coking coal within five years after the deal’s close.
Data centre investments are surging in India, fuelled by rapid growth in AI and cloud computing. The country’s capacity is expected to rise more than fivefold to 10 gigawatts by 2030 from about 1.5 gigawatts last year, according to consulting firm Deloitte.
Billionaire Kumar Mangalam Birla joins other high-profile owners of Indian Premier League cricket teams including Asia’s wealthiest, Mukesh Ambani, whose Reliance Industries owns the Mumbai Indians.
The $4.6 billion data center to be built on NextDC’s facility in Sydney will serve OpenAI clients such as Commonwealth Bank of Australia and Wesfarmers.
Amazon has been stepping up investments across the Asia Pacific, with plans to invest over $50 billion to scale up its digital infrastructure in Australia, Japan, Singapore, Malaysia and Thailand.
The latest funding round was led by Fidelity Management & Research and funds linked to J.P. Morgan Asset Management.
The new AI-powered data center, which will have a capacity of over 70 megawatts, will be financed by a syndicate of more than 20 banks including Crédit Agricole CIB, DBS Bank and ING Bank.
WiseTech Global, the Australian logistics software company founded by Australian billionaire Richard White, plans to buy cloud computing firm E2open for $2.1 billion.
Polytron, which has been selling electric motor bikes since 2022, hopes to hold its own against foreign car manufacturers. Its SUVs can travel across a distance of 402 kilometers on a fully-charged battery.
Malaysia is rapidly emerging as a key hub for data centers, fueled by the region’s AI boom. Last year, Google announced plans to invest $2 billion in the country.