Stock in Focus: E2E Networks Secures ₹177 Crore Order from MeitY Under IndiaAI Mission
Cloud solutions provider E2E Networks Ltd on Tuesday (September 2) received a major order worth ₹177 crore from the Ministry of Electronics and Information Technology (MeitY). This contract has been awarded under the IndiaAI Mission.
The company said it has received a formal letter from the ministry, under which it will immediately provide H100 SXM and H200 SXM GPU resources to GNANI AI. These resources will be used to build India’s foundational AI model.
What’s in the new order for E2E Networks?
E2E will provide GPU resources for the next 360 days, amounting to nearly 1.3 crore GPU hours (12,994,560). The GPUs will be deployed on a single fabric with InfiniBand (IB) networking.
E2E Networks stated that this deal further strengthens its role in India’s AI infrastructure ecosystem and marks a significant step in enhancing the government’s AI capacity.
Focus on Expansion
Earlier, on August 28, E2E’s board approved the acquisition of certain assets of Jarvis Labs AI Pvt Ltd, a Coimbatore-based startup providing GPU cloud infrastructure for AI and deep learning.
The acquisition includes the company’s IP, hardware, domain, and customer assets. This move supports E2E’s strategy to expand its AI/ML offerings.
E2E Networks’ Stock Performance
On Tuesday, E2E Networks Ltd’s stock closed 3.57% higher at ₹2,351.10 on the NSE. In the past one month, the stock has gained 8.41%, and over the last six months, it has delivered a 25.32% return. However, in 2025 so far, the stock is down 44.58%.
What Does E2E Networks Do?
E2E Networks is a cloud infrastructure company that provides startups, enterprises, and research organizations with cloud-based computing, storage, and GPU services. The company is especially known for offering affordable and scalable GPU cloud solutions for Artificial Intelligence (AI), Machine Learning (ML), Deep Learning (DL), and High-Performance Computing (HPC) projects.
⚠️ Disclaimer: The information provided here is for informational purposes only. Investing in the stock market is subject to market risks. Always consult an expert before making investment decisions. Tradewithmohib does not provide investment advice of any kind.
0 Comments