3 weeks ago
Praj GenX Secures $52 Million Data Center Supply Agreement
A company called Praj GenX makes big metal parts and modules for large machines.
It is part of a bigger company called Praj Industries.
Praj GenX has made a deal with another big company that builds data centers.
Data centers are giant buildings full of computers that power things like AI and cloud computing.
Under the deal, Praj GenX will make special components for these giant computer buildings.
The deal is worth at least 52 million US dollars, which is about 500 crore rupees.
The supplies will be delivered in several batches over the next two and a half years.
Work on the first batch has already started at Praj GenX's factory in Mangaluru, Karnataka.
The factory uses robots and smart automation to make high-quality parts.
The company chairman, Dr. Pramod Chaudhari, called the agreement a significant milestone.
Praj GenX Ltd., a wholly owned subsidiary of Praj Industries Limited, has signed an exclusive framework supply agreement with a leading global EPC company for hyperscale data center projects.
The agreement has a minimum committed business value of US$52 million (around INR 500 crore).
Supplies will be executed in multiple tranches over the next two and a half years.
Execution of the first tranche has already commenced at Praj GenX's mega-manufacturing facility in Mangaluru, Karnataka.
The deal marks Praj GenX's entry into the rapidly growing data center sector.
- Who
- Praj GenX Ltd., a wholly owned subsidiary of Praj Industries Limited, and a leading global engineering, procurement and construction (EPC) company.
- What
- Praj GenX signed an exclusive framework supply agreement to manufacture and supply precision fabrication components and modules for hyperscale data center infrastructure projects.
- Where
- Pune, Maharashtra (India), with manufacturing at Praj GenX's mega-facility in Mangaluru, Karnataka.
- When
- Announced on August 6, with the first tranche of supplies already commenced.
- Why
- The rapid adoption of AI and cloud computing is driving unprecedented investments in hyperscale data centers worldwide.
Key facts
- Agreement Type
- Exclusive framework supply agreement
- Minimum Committed Value
- US$52 million (around INR 500 crore)
- Supply Duration
- Multiple tranches over the next two and a half years
- Customer
- Leading global EPC company (not named)
- Manufacturing Facility
- Mega-manufacturing facility in Mangaluru, Karnataka
- Facility Design
- Industry 5.0 principles with advanced automation and collaborative robotics
- Other Sectors Served
- Oil & gas, advanced biofuels, sustainable aviation fuel (SAF), hydrogen, carbon capture
- Chairman
- Dr. Pramod Chaudhari, Chairman of Praj GenX and Founder Chairman of Praj Group
Quotes
Dr. Pramod Chaudhari
Chairman of Praj GenX and Founder Chairman of Praj Group
“"This agreement is a significant milestone for Praj GenX. It validates our engineering expertise, manufacturing capabilities, and commitment to execution excellence. The rapid adoption of AI and cloud computing is driving unprecedented investments in hyperscale data centers worldwide. We see this as a significant long‑term opportunity and look forward to building enduring partnerships with customers across the globe."”
theprint.in
Sources
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