SETL to acquire 51% stake in GScale Energy for ₹190 Cr for AI Datacenter infra
Standard Engineering Technology Limited (SETL) will acquire a 51% stake in GScale Energy Private Limited for ₹190 Crores. The total investment program is ₹487 Crores, self-funded from internal cash. GScale specializes in AI Datacenter power and cooling equipment. Manufacturing is set to begin in November 2026.
This strategic acquisition marks a significant diversification into a high-growth sector (AI Datacenter infrastructure) for SETL, involving substantial capital allocation and a new revenue stream, which is expected to have a material impact on the company's future growth and market position.
The acquisition of a significant stake in GScale Energy positions SETL to capitalize on the rapidly growing AI Datacenter infrastructure market. The self-funded nature of the investment and the established expertise of GScale's leadership team further strengthen the positive outlook.
Standard Engineering Technology Limited (SETL) has announced an addendum to its investor presentation dated June 25, 2026, regarding the proposed acquisition of up to 51% equity stake in GScale Energy Private Limited ("GScale").
The acquisition aims to position SETL strategically in the burgeoning AI Datacenter Infrastructure sector. GScale specializes in designing and manufacturing power and cooling equipment essential for AI Datacenters. This move aligns with the significant global and Indian investment projected in AI Datacenters, with an estimated $36 billion to be invested in India's power and cooling infrastructure by 2030.
SETL's investment is structured in phases, with an initial ₹190 Crores for the 51% stake, which includes a ₹65 Crore share-swap component and the rest as primary capital. The total approved program amounts to ₹487 Crores, to be entirely self-funded from SETL's internal cash reserves, with no new debt incurred. Manufacturing operations at GScale's facility are slated to begin in November 2026.
GScale Energy brings significant expertise, with a team led by Mr. Brahma Reddy Kasu, a 25-year veteran of the Datacenter industry. The company has already delivered 486 MW of capacity and has over 1 GW under execution. The factory for GScale is ready and will be operational from November 2026, with plant and machinery orders placed and key teams already onboarded. Over 80% of the product design is finalized.
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Standard Engineering Technology Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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