L&T boosts AI, data centre push with E2E Networks deal
Hindustan Times|November 06, 2024
MUMBAI/NEW DELHI: Larsen & Toubro Ltd's (L&T) investment in listed artificial intelligence (AI) cloud platform provider E2E Networks could speed up the engineering major's offerings in the data centres and AI space by 18-30 months, as it gives the company access to E2E's existing AI cloud platform.
Nehal Chaliawala & Shouvik Das
L&T boosts AI, data centre push with E2E Networks deal

As part of the deal, L&T will integrate E2E Networks' Cloud and AI Cloud platform with its data centre management and cloud solutions business.

L&T will be investing ₹1,407 crore to acquire a 21% stake in E2E Networks. This includes a 15% stake through a preferential allotment at 3,622.25 per share and secondary acquisition of a 6% stake at ₹2,750 per share.

L&T is developing its own data centres and has operationalized a 2MW facility at Panvel near Mumbai and a 12MW facility in Chennai in recent weeks.

هذه القصة مأخوذة من طبعة November 06, 2024 من Hindustan Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 06, 2024 من Hindustan Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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