SETL proposed to acquire majority stake in GScale Energy Pvt Ltd

Metro India News | Hyderabad 

Leading engineering company Standard Engineering Technology Limited,  announced on Thursday the acquisition of a majority stake in M/s. GScale Energy Private Limited, a company specializing in AI Datacenter Engineering infrastructure. SETL proposed to acquire upto 51% shareholding in GScale Energy Private Limited through a combination of primary capital infusion and a strategic share-swap arrangement with existing shareholders, committing approximately Rs 190 Crore for this Phase I investment.

As part of a broader phased program, SETL has approved a total investment of approximately Rs 500 Crore to be deployed across equity acquisition, capacity expansion and working capital for the combined business. Commenting on the acquisition, Nageswara Rao Kandula, Managing Director, Standard Engineering Technology Limited termed the investment as the “natural evolution of everything SETL has built since 2013.” He said that with GScale's domain expertise SETL is building a platform to deliver complete, concept-to-commissioning AI Datacenter solutions at scale.

Kasu Brahma Reddy, Founder & Director of GScale Energy Private Limited, mentioned that with SETL's manufacturing scale, financial strength, and engineering depth, GScale is well positioned to deliver world-class AI Datacenter Engineering solutions for India's next generation of digital infrastructure.