We are delighted to announce that Standard Engineering Technology Limited (SETL) has proposed to acquire up to 51% stake in GScale Energy Private Limited (GScale), marking our strategic entry into the rapidly expanding AI Datacenter Engineering sector. Approximately ₹190 Crore for this Phase I investment. As part of a broader phased program, SETL has approved a total investment of approximately ₹500 Crore to be deployed across equity acquisition, capacity expansion and working capital for the combined business, entirely self-funded from the Company's cash flows.
Mr. Nageswara Rao Kandula, Managing Director, Standard Engineering Technology Limited, said: “This investment is the natural evolution of everything SETL has built since 2013. The same precision and integrated execution capability that made us a trusted engineering partner to pharma and chemical companies will now power the Datacenters driving the AI revolution. With GScale's domain expertise and Mr. Kasu Brahma Reddy's leadership, we are building a platform to deliver complete, concept-to-commissioning AI Datacenter solutions at GScale.”
Mr. Kasu Brahma Reddy, Founder & Director of GScale Energy Private Limited, said: “Joining hands with SETL is a transformative step for GScale. With SETL's manufacturing scale, financial strength, and engineering depth, we are well positioned to deliver world-class AI Datacenter Engineering solutions for India's next generation of digital infrastructure.”
GScale Energy, led by Mr. Kasu Brahma Reddy — a 25+ year veteran of the Datacenter industry and former President of CtrlS Datacenters Limited, one of India's largest Datacenter businesses already possesses approximately 4 lakh square feet of operational infrastructure, with a target to scale to 10 lakh square feet by FY2028 through phased expansion.
We believe this marks only the beginning of a significant long-term opportunity. As capacity scales and customer relationships deepen, we are committed to building a technology-driven, high-quality engineering platform that delivers sustainable value to our customers and stakeholders.
