Netweb Technologies India Limited shares jumped more than 4% in early morning trade following the announcement of a significant purchase order for their Tyrone AI GPU Accelerated Systems. The order, valued at approximately Rs. 450 Crores (excluding applicable taxes), marks a major milestone for the company in the AI infrastructure segment.
According to the company, the order was received from one of India’s largest global technology distribution and integrated supply chain providers. The project involves the deployment of state-of-the-art Tyrone AI GPU-accelerated systems and is expected to be executed by the end of the financial year 2025-26.
Netweb Technologies confirmed that neither the promoters nor promoter group companies have any interest in the entity awarding the contract, and the transaction is not classified as a related party transaction.
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