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L&T boosts AI, data centre ambitions with E2E Networks deal
Livemint
·
9m ago
Medial
Engineering major, Larsen & Toubro (L&T) is set to invest in AI cloud platform provider, E2E Networks. This move is expected to accelerate L&T's offerings in the data centres and AI space, giving access to E2E's existing AI cloud platform. L&T recently operationalised data centres in Panvel and Chennai, and the collaboration with E2E will provide an enterprise cloud layer for its clients. L&T plans to invest INR 1,407 crore to acquire a 21% stake in E2E Networks. This strategic partnership aims to leverage client relationships and drive growth in the AI and digital transformation space.
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L&T to buy 21% stake in cloud services firm E2E Networks
VCCircle
·
9m ago
Medial
Indian engineering conglomerate Larsen & Toubro (L&T) has agreed to acquire a 21% stake in cloud services firm E2E Networks in a deal worth INR 1,407 crore ($186.2m). L&T will initially invest INR 1,079.27 crore for a 15% stake, followed by an additional 6% stake for INR 327.75 crore. Although the company will become a minority shareholder, it aims to leverage E2E Networks' artificial intelligence and cloud solutions to strengthen its position in the cloud infrastructure market. This partnership is expected to benefit both companies in tapping into India's growing demand for AI and cloud capabilities.
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Paragon Partners, HNIs, VC execs joining captable of tech co in sweet deal
VCCircle
·
11m ago
Medial
Homegrown private equity firm Paragon Partners has joined other investors, including high net-worth individuals and executives from venture capital firms, in a $50 million deal to support an AI-enabled cloud platform. Paragon Partners will invest in E2E Networks Ltd, a tech company that specializes in cloud computing. This funding round will provide a significant boost to E2E Networks and further enhance its market position.
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E2E Networks is the talk of the town as AI frenzy takes hold
Economic Times
·
10m ago
Medial
Artificial intelligence cloud service provider E2E Networks is seeing significant growth due to its focus on offering graphics processing units (GPUs) for cloud computing. The company has a customer base of 2,500-3,000 companies, including startups, SMEs, and larger enterprises. E2E Networks is well-positioned to participate in the India AI Mission’s tender for 10,000 GPUs. The company raised around Rs 420 crore in funding and is working with clients in India and globally. Despite revenue limitations, E2E Networks aims to meet the criteria for the GPU contract in the near future.
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E2E Networks becomes first company in India to procure 256 Nvidia H200 GPUs
Economic Times
·
9m ago
Medial
Indian company E2E Networks has become the first in India to offer NVIDIA H200 Tensor Core GPUs. With a focus on accelerating AI and HPC workloads, the H200 GPU allows businesses to handle more complex AI models and drive innovation. E2E Networks has raised Rs 420 crore to procure the GPUs and is using them in its flagship product, TIR - an AI development studio. The company expects the H200 GPU to become a crucial component for AI training in India.
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L&T to acquire semiconductor design firm SiliConch
VCCircle
·
1y ago
Medial
Indian engineering and construction company Larsen & Toubro (L&T) is set to acquire semiconductor design firm SiliConch Systems, in a move to strengthen its presence in the fabless semiconductor business. L&T's wholly owned subsidiary L&T Semiconductor Technologies will purchase a 100% stake in SiliConch for up to INR183 crore ($21.9m). The deal is expected to be completed by 15 September. L&T said the acquisition aligns with the growth strategy of its semiconductor arm and will provide it with intellectual property, engineering skillsets and design expertise.
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India's data centre market to grow 21% to reach 3,400 MW by 2030
Economic Times
·
6m ago
Medial
India's data centre market is rapidly expanding, projected to grow at a CAGR of 21% to reach 3,400 MW IT capacity by 2030. The growth, driven by cloud computing, big data, IoT, AI, and digital transformation, saw 407 MW IT capacity absorbed in 2024, with 191 MW added. Major cities like Mumbai, Hyderabad, and Pune lead market absorption and land acquisitions for data centre expansion. Increasing 5G penetration also boosts demand for edge data centres in Tier-II and Tier-III cities.
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Torrent is said in talks to buy L&T’s power unit for $1 Bn
Economic Times
·
15d ago
Medial
Torrent Power Ltd. is in discussions to purchase the thermal business unit of Larsen & Toubro Ltd. for approximately $1 billion, including debt. Both companies are working with advisers on the potential deal, which could help L&T reduce its debt. The negotiations are ongoing, and the details may change as there's potential for talks to collapse or other bidders to emerge. L&T considers this sale to focus on its core engineering and construction business.
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Wipro, Tech Mahindra, L&T Tech Services partner with Nvidia
Economic Times
·
4m ago
Medial
Wipro, Tech Mahindra, and L&T Technology announced partnerships with Nvidia for AI-based solutions across industries. Tech Mahindra introduced an AI-driven solution for drug safety, enhancing pharmacovigilance efficiency. Wipro launched Agentic AI services with Nvidia, aiming to transform various sectors using AI. L&T Technology unveiled TrackEi, an AI-powered railway track inspection solution, improving safety through real-time defect detection. These collaborations leverage Nvidia's AI technologies to innovate and optimize industry-specific processes and enhance efficiencies.
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How L&T is engineering an AI-driven conglomerate
Livemint
·
1y ago
Medial
Larsen and Toubro (L&T), India's largest engineering and infrastructure conglomerate, is leveraging digital technologies such as RFID tags, geofencing, IoT devices, drones, robotic process automation, and AR/VR tools to monitor and optimize its assets. By using these tools, L&T aims to reduce waste and pilferage while increasing productivity. For example, L&T utilizes automated geofencing to monitor the location of visitors and IoT devices to track fuel and materials consumption. The company has also implemented AI and machine learning for predictive analytics, risk assessment, and productivity tracking. L&T's digital initiatives have resulted in significant cost savings and improved efficiency.
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L&T commissions first indigenously built Hydrogen Electrolyser at Hazira
Thehindubusinessline
·
1y ago
Medial
Larsen & Toubro (L&T) has commissioned its first domestically produced electrolyser at the Green Hydrogen Plant in Gujarat. The plant features a 1 MW electrolyser capacity with the ability to produce 200 Nm3/Hr of hydrogen. L&T Electrolysers Ltd, a subsidiary of L&T, aims to lead in the domestic and global markets for clean energy solutions. The company plans to leverage its upcoming facility in Hazira to meet the growing demand for green hydrogen. L&T Electrolysers has also been allocated a significant capacity under the National Green Hydrogen Mission.
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