Deep dives

Three companies, three units, and no single table that holds them.

Two of these are read from documents they filed themselves and cite the printed page for every figure. The third is read from a research note and says so on every row. What each page is measured on is written on its card, because the three do not share a unit and a reader deciding where to start should know that first.

Sify Infinit Spaces LimitedSify Infinit Spaces LimitedSIFY

59 per cent of built capacity earns

111.37 MW sold of 188.04 MW the document calls built, in FY2025.

Measured on
Megawatts, built against sold
Read from
Draft red herring prospectus dated 2025-10-16, 20 printed pages cited

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Anant RajAnant RajANANTRAJ

1.0 per cent of group revenue is the data centre

28 MW is called operational and 6 MW is, and the arm that owns it loses money.

Measured on
Megawatts, announced against handed over
Read from
Annual report FY2024-25, filed with the exchange

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Netweb TechnologiesNetweb TechnologiesNETWEB

2,507 crore of order book

Measured on backlog and revenue mix rather than capacity, since it builds the machines that fill somebody else's estate.

Measured on
An order book, because it owns no estate
Read from
Research note figures, secondary on every row and marked so

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The wider coverage runs to fourteen names on the coverage matrix, where every row carries its verification tag. Two of the three above are set against each other on the comparison, alongside a third operator whose megawatts are filed but whose statements are not drawn on here.