Netweb Secures ₹1,734 Cr AI Order, Stock Jumps 7.2%! 🚀

Hey there, finance enthusiasts! 👋 Big news just dropped from Netweb Technologies India Limited (NETWEB) that’s got the market buzzing. The company has announced a monumental order win, securing a strategic contract worth approximately ₹1,734 Crores (that’s over $200 million USD!) to power India’s sovereign AI infrastructure.

This isn’t just any order; it’s a game-changer. Netweb will be supplying cutting-edge servers based on NVIDIA’s Blackwell Architecture, which is at the forefront of AI computing. Imagine the sheer processing power needed to build and run advanced AI systems – that’s exactly what Netweb is set to deliver.

The order was awarded by one of the largest Indian-headquartered global providers of technology distribution and integrated supply chain solutions, highlighting Netweb’s strong position in the domestic market. This significant project involves the deployment of AI infrastructure facilities utilizing the latest GPU-accelerated platforms, pushing India further into the global AI race.

What’s even more impressive is the timeline: the company expects to execute this massive order by the first half of FY2027. This long-term commitment underscores the scale and strategic importance of the project.

Investors clearly liked what they heard! Following the announcement, Netweb Technologies’ stock saw a healthy jump, trading up 7.2% at ₹2429.6. This kind of order not only boosts the company’s financials but also solidifies its role in shaping India’s technological future. It’s exciting to see Indian companies at the forefront of such critical advancements! 🇮🇳

source: Corporate Announcement

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