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How Big Tech’s Rs. 58 Lakh Crore AI War is Scaling India’s Data Center Stocks
The global race for artificial intelligence dominance has reached a fever pitch, with ‘Big Tech’ giants like Microsoft, Google, and Amazon projected to spend over $650 billion (approx. Rs. 58 lakh crore) on computing infrastructure by the end of 2026.
Three Indian companies are the main support system for this wave as they provide the fiber and data center support needed to run powerful AI systems. This shift makes these ‘backbone’ stocks a key focus for global investors.
Sterlite Technologies (STL)
Sterlite Technologies is a world leader in end-to-end manufacturing of optical fiber, making it quite useful for AI data centers, which require up to 36 times more fiber to handle heavy dataflows. STL is now making special fiber that fits these high-density needs perfectly.
According to Financial Express, the company currently holds a robust open order book of Rs. 5,325 crore. It is currently focusing heavily on the North American market. The news agency reported that "The shift toward AI data centers is creating a ‘once-in-a-generation’ opportunity.” The company has already spent $50 million on a new factory in the US to help meet this growing demand.
HFCL: The Scaling Giant in the AI War
HFCL is growing from a phone company into a top-tier tech manufacturer. It is building more factories to produce 33.9 million kilometers of fiber by June 2026. This expansion comes at a time when there is a high demand for good-quality cables. AI systems need these cables to work without any lag.
Financial Express highlights that HFCL has successfully broken into the Tier 1 US market, securing $192 million in export orders recently. The company expects its revenue from AI-related parts to grow from Rs. 400 crore to over Rs. 1,000 crore by FY27. This fast growth makes HFCL a major player in the 2026 infrastructure boom.
Black Box
Black Box helps build and manage the complicated systems within data centers. It ensures connectivity for smooth functioning. The company also has an order book worth $555 million and plans on reaching $2 billion in revenue by FY29. Overall, Black Box is moving beyond simple wires to offer full AI service platforms.
Financial Express notes that Black Box is currently bidding on high-value mandates between $50 million and $100 million. They are specifically looking for large-scale projects with AI teams in the US. This focus on high-end AI setup makes them a vital partner for the world's biggest tech firms.
What Investors Need to Watch
Below are the two main points to consider as an investor:
- Power Supply: AI centers need a lot of electricity. High power costs in India could make it harder for these companies to stay profitable.
- Expert Workers: There is a shortage of workers who know how to build AI systems, which could slow down projects over the next year.
These three Indian companies must prove that they can handle huge global orders while keeping costs under control. As the ‘Rs. 58 lakh crore war’ gets bigger, these firms will lay the foundation for the future of technology. These companies are no longer just domestic businesses but an essential part of the global AI economy.