PNS|SAN FRANCISCO/ HYDERABAD
Ursa Clusters, a global tech infrastructure alliance, has issued a statement detailing its financial structure, land procurement details, and project roadmap, stressing full transparency and due diligence.
Refuting the claim that it was allotted land at 99 paisa per acre, Ursa stated that its proposal was to purchase land at Rs 1 crore per acre for 3.5 acres and Rs 50 lakhs per acre for the remaining 56.5 acres.
“These terms were part of a transparent evaluation process over five months, involving financial scrutiny and feasibility checks,” the company said.
Addressing concerns about its recent incorporation, Ursa said it was always clear about being a newly registered entity in India. The founders, however, are industry veterans with decades of experience in enterprise infrastructure, AI, and strategic partnerships.
Among them are Satish Abburi (ex-Oracle and Snowflake), Eric Warner (ex-Sun Microsystems), and Kaushik Pendurthi, who has raised around USD 60 million for many ventures.
The company said it is backed by a Rs 4,063 crore net worth team and is capable of executing multiple data centre projects. It asserted that Phase 1 of its AI data centre project would be completed within 12 to 24 months, with a 300 MW capacity targeted by 2032.
The Rs 5,728 crore investment is part of the IndiaAI Mission, aimed at building cost-effective, sovereign AI infrastructure.
The project is designed to offer AI compute power at 40–60% lower total ownership costs compared to global options, while creating thousands of high-skilled jobs.
Ursa defended its project location strategy, stating that it is currently operating in lean mode but will transition to permanent headquarters at an appropriate time.
