NTT India Loan (IFC-50807)

Countries
  • India
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 28, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
NTT Global Data Centers & Cloud Infrastructure India Private Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Communications
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 144.11 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 144.11 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 13, 2026

Disclosed by Bank Jun 22, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank's website, NTT Global Data Centers & Cloud Infrastructure India Private Limited (NTTGDC, or the Company) is a developer and operator of carrier-neutral multi-tenanted data centers and is wholly owned by Japan's largest telecommunication company, Nippon Telegraph and Telephone Corporation (NTT Corporation, or NTT Group). NTTGDC has a portfolio of 21 data centers in India, of which 16 are already operational with capacity of 237 MW while 5 data centers with 105 MW capacity are under construction. IFC proposes to invest up Indian Rupees (INR) 12,783 million (~US$150.0 million) for its own account and mobilize up to INR 8,522 million (~US$100.0 million) from other lenders. IFC’s own account financing will be used to finance new data centers on existing brownfield campuses of the Company that are under various stages of planning and construction. The mobilization from other lenders will be utilized to replace existing borrowings with longer-tenor debt. 

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental Category: B - Limited 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The total cost of the Project is estimated at INR 21,305 million (~US$250.0 million). The proposed investment involves IFC own account senior debt of up to INR 12,783 million (~US$150.0 million) and mobilization of up to INR 8,522 million (~US$100.0 million) from other lenders. 

IFC's Investment as Approved by the Board: US$ 144.11 million (loan)

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

NTTGDC is a wholly owned step-down subsidiary of NTT Corporation.  NTT Corporation was established in 1952 and offers a wide range of services through its various business divisions, ranging from integrated information and communications technology services (including telecommunications, mobile services) to global solutions (consulting, data centers, managed services) and digital services (IT services, application development, cybersecurity etc.) in more than 50 countries. NTT Corporation is rated A- by S&P and A3 by Moody's and  is publicly listed on the Tokyo Stock Exchange. It had a market capitalization of US$86 billion as of October 3, 2025. 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Nippon Telegraph and Telephone Corporation Parent Company Communications owns NTT Global Data Centers & Cloud Infrastructure India Private Limited Client Communications

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

NTT Global Data Centers & Cloud Infrastructure India Private Limited 

Project Team Leader: Mr. Ajinkya Misal

Title: Treasurer 

Email: ajinkya.misal@global.ntt 

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org 

 

How it works

How it works