Hyderabad-based Standard Engineering Tech to acquire 51% in GScale Energy for ₹190 crore (opens original article in a new tab)

Hyderabad-based Standard Engineering Technology acquires 51% of GScale Energy for ₹190 crore to expand into the AI datacentre market, with plans to invest ₹500 crore in the combined business.

• Hyderabad-based Standard Engineering Tech acquires 51% stake in GScale Energy for ₹190 crore.
• The acquisition aims to accelerate entry into the $5.2–6.7 trillion global AI datacentre market by 2030.
• SETL plans to invest ₹500 crore in equity, capacity expansion, and working capital for the combined business.