Core Announcement – Order Details
Awarding Entity: Sovereign AI company based in India (name not disclosed)
Domestic/International Order: Domestic
Nature of Order/Contract: Long-term AI infrastructure for provision of NVIDIA Blackwell cloud GPUs and allied services. The arrangement represents high-performance computing infrastructure requirements.
Order Value: Approximately Rs. 1,000 crore (exclusive of applicable taxes)
Materiality Context: Described as a "significant milestone" in the Company's strategy of signing up longer term customers.
Execution Timeline: Services are to be provided up to June 2029. The binding term sheet remains valid up to June 2029.
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No
Promoter Group Involvement: No
Financial Implication: Not Specified