Digital Connexion Chennai Campus / MAA10

Chennai, Tamil Nadu, IndiaPartially operational

Planned / design: 100 MW
Updated: Oct 29, 2026

Digital Connexion’s Ambattur campus in Chennai is planned for four buildings and approximately 100 MW of potential IT capacity. MAA10 launched in January 2024 with an operator specification of 20 MW IT. Ind-Ra’s September 2026 rationale reports 6 MW ready for service and 16.6 MW of remaining MEP works targeting March 2027, but gives a 22.4 MW Building 1 total. Those components sum to 22.6 MW; neither that discrepancy nor the difference from the operator specification is reconciled. Reported offtake agreements cover 21 MW, not occupied load.

Capacity

Planned campus capacity MW

Planned / design or future potential

100 MW

Source

Operating IT capacity: Not established in published records

A missing figure does not mean zero. Planned, utility and generation figures are not operating IT capacity.

Development

MAA10 initial facilityOperational

1 building

Opened January 2024; 20 MW IT specification, not measured load. Evidence: SRC-N220-DIGITAL-CONNEXION-MAA10-D2; SRC-N220-DIGITAL-CONNEXION-MAA10-D4

Remaining campus expansionPlanned

3 buildings

Four-building 100 MW campus potential; remaining buildings not asserted operating. Evidence: SRC-N220-DIGITAL-CONNEXION-MAA10-D1; SRC-N220-DIGITAL-CONNEXION-MAA10-D5

Milestones (2)

Two-day launch began; January 12 ministerial event.

Jan 11, 2024 · Recorded actual event

Completed · Announced

Sources (1)

Operator launch account · Primary

DE-CIX announced point of presence at MAA10.

May 22, 2024 · Recorded actual event

Completed · Announced

Sources (1)

Digital Connexion/DE-CIX release · May 22, 2024 · Primary

Participants

Digital Connexion

Developer · Operator

Sources by role

Developer / Operator (1)

20 MW IT and 100 MW expansion scope · Primary

Capital & incentives

Capital claims

Reviewed maa10 capital context

Reported rounded

Ind-Ra’s September 16, 2026 rationale reports an estimated INR 14.2 billion Building 1 project cost and availability of an INR 9.25 billion construction finance term facility. It says all committed equity had been infused by end-August 2026. These are distinct cost, facility and equity statements; the facility amount is not verified drawn or outstanding debt, and the equity statement gives no total amount. The September 2026 rationale anticipates conversion of construction finance to receivables discounting finance upon commissioning; it does not confirm refinancing closure or final terms.

Source

Reviewed maa10 lenders context

Reported rounded

The issuer reported bank table, as of September 16, 2026, lists Axis Bank Limited: Term Loan, rated amount INR 2,300 million, issuance April 22, 2024; and ICICI Bank: Term Loan, rated amount INR 6,950 million, issuance April 19, 2024. Both rows show maturity December 31, 2027 and IND AA-/Stable. These are rated amounts, not verified disbursements or current outstanding balances; issuance dates are source table fields, not independently confirmed financial close dates.

Source

Reviewed maa10 revenue context

Reported rounded

Ind-Ra’s September 2026 rationale reports rental receipts had begun for 0.8 MW and forecasts rental commencement for another 5.2 MW on October 15, 2026 and 15 MW on June 30, 2027. These are rental milestones, not measured electrical load or independently verified commissioning; an elapsed forecast date does not prove execution.

Source

Site & development

Site location

Reported rounded

Ten acre, four building Chennai campus in Ambattur; MAA10 is initial facility, not an additional campus. Corporate Mumbai address is not site address.

Source

Land and site control context

Reported rounded

10 Acres and four building campus identified by operator.

Source

Additional project facts

Reviewed maa10 entity context

Reported rounded

Ind-Ra identifies DXDC Chennai Private Limited, formerly BAM DLR Chennai Private Limited, as the entity developing MAA10, the first phase of a Chennai campus with approximately 100 MW potential IT capacity. This is project entity evidence, not parcel title.

Source

Reviewed maa10 commercial context

Reported rounded

Ind-Ra’s September 2026 rationale reports offtake agreements covering 21 MW, including approximately 20.2 MW under a ten year enterprise customer agreement. Contracted capacity is not occupied electrical load; the customer is unnamed.

Source

Reviewed maa10 currentness context

Reported rounded

Ind-Ra’s September 2026 rationale reports 6 MW ready for service, with MEP works for the stated remaining 16.6 MW targeting March 2027. It repeatedly gives approximately 22.4 MW as the planned Building 1 total, increased from 20.4 MW. The components sum to 22.6 MW, not 22.4 MW; the discrepancy remains unresolved. The operator page still lists a 20 MW specification. These figures do not establish occupied load or a reconciled replacement capacity.

Source