Shares of E2E Networks gained 10% on Wednesday, Septmeber 3, after the company on Tuesday secured an order worth ₹177 crore from the Ministry of Electronics and Information Technology (MeitY) under the IndiaAI Mission..
The company said it has received a formal letter from the ministry for the immediate allocation of H100 SXM and H200 SXM GPU resources to GNANI AI, which will be used to build India’s foundational AI model.
According to the press release, E2E will provide GPU resources for a period of 360 days, amounting to nearly 1.3 crore GPU hours (1,29,94,560).
The GPUs will be deployed with an InfiniBand (IB) network on a single fabric.
The company said the deal further strengthens its role in India’s national AI infrastructure ecosystem and marks an important step in supporting the government’s push towards AI capability development.
Separately, on August 28, E2E’s board approved the acquisition of specific assets of Coimbatore-based Jarvis Labs AI Pvt Ltd, a startup offering GPU cloud infrastructure for AI and deep learning. The acquisition includes IP, hardware, domain, and customer assets, aligning with E2E’s strategic focus on expanding its AI/ML offerings.
Networks Ltd. gained 10% on Wednesday to hit an intraday high of 2,643.4 apiece.
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First Published: Sept 2, 2025 5:46 PM IS
