Hyderabad-based Standard Engineering Tech to acquire 51% in GScale Energy for ₹190 crore

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Standard Engineering Technology will acquire up to 51% of GScale Energy for ₹190 crore in a cash and share swap deal. The company is using the acquisition to enter AI datacentre solutions faster instead of building the capability in-house. The combined business plans to offer concept-to-commissioning datacentre infrastructure, including power, cooling, fabrication, automation, and commissioning services. The move targets a large growth opportunity in India and globally, with manufacturing expected to start in November and revenue of ₹250 crore targeted this fiscal year.

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