Standard Engineering Technology Acquires 51% Stake in GScale Energy

Standard Engineering Technology Limited (SETL) announced its Board of Directors has approved the acquisition of up to 51% equity in GScale Energy Private Limited, a company specializing in Data Center Engineering and Infrastructure Solutions. This strategic move, subject to definitive agreements, aims to accelerate SETL's entry into the burgeoning AI datacenter market. GScale Energy, with a proven track record and existing hyperscaler relationships, will become a subsidiary of SETL. The acquisition is expected to create a two-platform engineering company, serving both Pharma & Chemical sectors (SETL) and AI Datacenter Infrastructure (GScale), without impacting SETL's core business commitments. The deal involves a cash consideration of ₹125 Crores and a share swap of ₹65 Crores, with completion anticipated within 90 days.