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E2E Networks Secures ₹1,000 Crore NVIDIA Blackwell Cloud Deal
E2E Networks provides powerful computer systems that companies use to build artificial-intelligence tools.
It has agreed to provide NVIDIA Blackwell cloud GPUs and related services to an Indian sovereign AI company.
The deal could be worth about ₹1,000 crore before taxes.
The agreement is expected to continue until June 2029.
E2E Networks said its promoters do not have an interest in the customer.
The company also said the deal is not a related-party transaction.
Its revenue and profit increased sharply in the first quarter of FY27.
Its share price has also risen greatly over the past five years, although the article does not explain what may happen next.
E2E Networks signed a binding term sheet with an India-based sovereign AI company for long-term AI infrastructure.
The contract includes NVIDIA Blackwell cloud GPUs and allied services, with an estimated value of ₹1,000 crore excluding taxes.
The domestic contract is expected to run until June 2029 and is not a related-party transaction.
E2E Networks reported Q1 FY27 revenue of ₹156.8 crore, EBITDA of ₹117.9 crore and net profit of ₹43.9 crore.
The company’s shares have risen 173% in one year and 12,631% over five years, while the stock is set to join the MSCI Global Small Cap Index.
- Who
- E2E Networks and an unnamed India-based sovereign AI company.
- What
- E2E Networks secured a long-term order to provide NVIDIA Blackwell cloud GPUs and allied AI infrastructure services.
- Where
- The contract was awarded by a domestic entity in India.
- When
- The agreement was disclosed after market hours ahead of Tuesday trading on September 1; it is expected to run until June 2029.
- Why
- The sovereign AI company is obtaining long-term AI infrastructure, while E2E Networks is expanding its cloud GPU and AI services business.
Key facts
- Contract value
- Approximately ₹1,000 crore, excluding applicable taxes.
- Contract duration
- Expected to continue until June 2029.
- Q1 FY27 revenue
- ₹156.8 crore, up 334% year-on-year and 64% quarter-on-quarter.
- Q1 FY27 EBITDA
- ₹117.9 crore, with a 75.2% margin.
- Q1 FY27 net profit
- ₹43.9 crore, with a 28% PAT margin.
- Share performance
- The stock rose 173% over one year and 12,631% over five years, according to the article.
- Index inclusion
- The stock is set to be added to the MSCI Global Small Cap Index.
Sources
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