E2E Networks Signs ₹1,000 Crore Term Sheet with Sovereign AI Company
E2E Networks signed a binding term sheet worth approximately ₹1,000 crore with a Sovereign AI company for NVIDIA Blackwell cloud GPUs and allied services. The contract extends through June 2029, providing multi-year revenue visibility and reinforcing the company's long-term customer base strategy.
A ₹1,000 crore contract is material for a company like E2E Networks, impacting its revenue streams, strategic positioning in the AI cloud infrastructure market, and future growth prospects significantly.
The announcement of a significant binding term sheet worth ₹1,000 crore with a Sovereign AI company indicates a strong business development and provides substantial revenue visibility, which is a positive indicator for the company's financial future.
E2E Networks Limited has entered into a binding term sheet with a Sovereign AI company based in India. This agreement is for NVIDIA Blackwell cloud GPUs and allied services, with an aggregate contract value of approximately ₹1,000 crore, exclusive of taxes. The arrangement is set to continue through June 2029.
Nitin Jain, Chief Financial Officer of E2E Networks, stated that this engagement provides greater revenue visibility over a multi-year horizon and reinforces the company's strategy of building a high-quality, long-term customer base. He also mentioned that this transitions the NVIDIA Blackwell capacity deployed at the end of May 2026 from a pay-as-you-go model to a longer-term commitment.
Tarun Dua, Managing Director of E2E Networks, added that this reflects the growing confidence of sovereign AI and enterprise AI customers in E2E's cloud GPUs as India's requirements for AI compute continue to scale.
A plain-language summary of a public exchange filing by E2E Networks Limited. Read the original for the full detail.