Hyderabad-based Standard Engineering Tech to acquire 51% in GScale Energy for ₹190 crore
Standard Engineering Technology (SETL) is acquiring a 51% stake in GScale Energy for ₹190 crore to expand into the AI data center infrastructure market. The company plans to invest a total of ₹500 crore to build a comprehensive platform for AI data center solutions.
Why it matters
This acquisition highlights the growing corporate investment in AI-related infrastructure in India to capture the projected multi-trillion dollar global data center market.
Hyderabad-based precision and multidisciplinary engineering company Standard Engineering Technology (SETL) is acquiring up to 51% stake in data centre engineering and infrastructure solutions provider GScale Energy for ₹190 crore cash and share swap deal.
The article provides a factual report on a corporate acquisition and financial figures without emotive language.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in