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SETL acquires majority stake in AI infrastructure firm GScale Energy

hellohimachalse@gmail.com 27 Jun 2026 27 Jun 2026

Leading precision andengineering company, Standard Engineering Technology Ltd (SETL) announced acquisition of a majority 51 per cent stake in AI infrastructure firm, GScale Energy.

GScale Energy is one of India’s leading data centre operators with deep hyperscaler relationships, and ready-to-market LOIs (letters of intent). The company has a proven track record of 486 MW energy delivery with over 1 GW under execution under the data centre category. Led by Kasu Brahma Reddy — former President of CtrlSDatacenters-, the company brings deep data centre experience to the table.

The acquisition will be executed through a combination of a primary capital infusion and a share-swap arrangement with the existing shareholders.

This majority stake buy is part of SETL’s phased investment programme under which the company will invest Rs 500 crore towards equity acquisition, capacity expansion and working capital requirement.

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