E2E Networks Surges 10% on ₹177 Cr IndiaAI GPU Contract! 🚀

Big news from the tech world! E2E Networks Limited (E2E) just announced a game-changing contract that sent its stock soaring by 10% to ₹2643.4. The company has secured a massive deal to provide high-performance GPU resources to GNANI AI under the ambitious IndiaAI Mission. This isn’t just any contract; it’s a significant step for both E2E Networks and India’s burgeoning AI landscape. 🇮🇳

A Closer Look at the Deal:

E2E Networks will be allocating state-of-the-art H100 SXM and H200 SXM GPUs to IndiaAI, an Independent Business Division within the Digital India Corporation under the Ministry of Electronics and Information Technology. The purpose? To build India’s foundational AI model – a crucial component for future technological advancements.

This allocation is for a substantial period of 360 days, totaling an impressive 1,29,94,560 GPU hours. The total value of this order is approximately ₹177 Crore (Rupees One Hundred Seventy-Seven Crore only). To ensure optimal performance, these GPUs will be provided with an IB network on a single fabric.

Why This Matters:

This engagement is a huge win for E2E Networks, solidifying its position within the national AI infrastructure ecosystem. It underscores the company’s capability to support large-scale, high-demand AI projects. For India, it marks a significant stride in its ambition to become a global leader in AI, providing the essential computing power needed for cutting-edge research and development. Think of it as laying the digital groundwork for India’s AI future! 🧠

It’s also worth noting that this isn’t a related party transaction, highlighting the arm’s length nature of this substantial business deal. This contract is a clear indicator of the growing demand for robust AI infrastructure and E2E Networks’ pivotal role in meeting that demand. Keep an eye on E2E as it continues to power India’s AI revolution! ✨

source: Corporate Announcement

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