HighPositive
Announced Fri, 26 Jun · 14:28 IST
Multibagger small cap stock Standard Engineering share price to be in focus on Monday; here's why
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Standard Engineering Technology Ltd. (SETL) will acquire up to 51% equity stake in GScale Energy Pvt. Ltd., an AI data centre engineering firm, marking its entry into the AI infrastructure space. The deal, valued at around Rs 190 crore in the first phase, is part of a broader Rs 500 crore investment plan funded through internal accruals. The company also guided for approximately 40-50% revenue growth in its existing engineering business in FY2027, citing strong order pipeline and customer engagements.