2 weeks ago
Black Box Bags Rs 1,240-Crore US Data Centre Deal
Black Box is a company that helps build big computer buildings called data centres.
Those buildings hold lots of computers and internet equipment.
Black Box just got a very big job worth about 131 million dollars.
That is roughly 1,240 crore rupees — a whole lot of money.
The customer is a huge American internet company, called a hyperscaler.
The job involves working on a data centre project in the United States.
The work will take about three years.
The company did not say which American company hired them.
Black Box's CEO, Sanjeev Verma, said this deal is a very important step for the company.
It shows that Black Box is growing as a trusted partner for the world's biggest internet companies.
Black Box Ltd has secured a USD 131 million (about Rs 1,240 crore) order from a new US-based global Tier-1 hyperscaler.
The order covers a major data centre project at a key location in the United States.
Work under the engagement will be delivered over approximately three years, with further expansion expected.
The company did not disclose the name of the hyperscaler client in its filing.
CEO Sanjeev Verma said the deal is an important step in Black Box's hyperscaler growth journey.
- Who
- Black Box Ltd, the Essar group IT firm led by CEO Sanjeev Verma, and an unnamed US-based global Tier-1 hyperscaler client.
- What
- Secured a USD 131 million (about Rs 1,240 crore) order for a major data centre project in the US.
- Where
- The announcement was made from New Delhi, and the project work will be delivered at a key location in the United States.
- When
- Announced in a late-night company filing on Wednesday.
- Why
- The deal is seen as an important step in Black Box's hyperscaler growth journey.
Key facts
- Company
- Black Box Ltd (Essar group IT firm)
- Deal Value
- USD 131 million (about Rs 1,240 crore)
- Client
- New US-based global Tier-1 hyperscaler (name not disclosed)
- Project
- Major data centre project in the US
- Duration
- Approximately three years, with further expansion expected
- Location
- Key location in the United States
- Announcement
- Late-night company filing on Wednesday
Quotes
Black Box Whole-time Director & Chief Executive Officer, Sanjeev Verma
Chief executive officer of Black Box Ltd.
“The deal win is an important step in the company's hyperscaler growth journey.”
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