During the third quarter, CLINT received progressive income contribution from Navi Mumbai Data Centre (DC) Tower 1; secured 100% pre-commitment at Ebisu, a forward purchase project at Outer Ring Road, Bangalore; and commenced development of MTB 7 in International Tech Park Bangalore (ITPB). MTB stands for mult-tenanted building.
Net proceeds of INR10.8 billion / $158.8 million from the divestment of CyberPearl and CyberVale are being used to repay debt, reinvest in higher-yielding projects and/or enhance distributions to unitholders.
CLINT has completed its first data centre located in Airoli, Navi Mumbai, comprising two towers. Tower 1 has a capacity of 50MW and Tower 2 has a capacity of 55 MW. Tower 1 is fully committed to a leading global hyperscaler with a long-term agreement signed. CLINT is in negotiations with the same hyperscaler to lease Tower 2.
A data centre in Hyderabad and a data centre in Chennai are under development. The Hyderabad data centre completes in 2Q2026, and the Chennai data centre completes in 3Q2026.
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On the capital management front, at least 50% of debt must be denominated in INR. Income is repatriated semi-annually from India to Singapore. Thre trustee-manager locks in the income to be repatriated by buying forward contracts on a monthly basis.
CLINT’s unit price is up 11.2% this year, and its annualised DPU is around 6.67%.
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