SETL acquires majority stake in GScale Energy (AI infrastructure power company); consolidates distributed power supply chain.

Standard Engineering Technology Ltd (SETL) has announced the acquisition of a majority 51 percent stake in AI infrastructure firm GScale Energy. The transaction will be executed through a combination of primary capital infusion and share-swap arrangements with existing shareholders.

GScale Energy is one of India's leading data centre operators with established relationships among major hyperscalers and ready-to-market letters of intent. The company has demonstrated a track record of delivering 486 MW of energy, with over 1 GW currently under execution in the data centre category. Led by Kasu Brahma Reddy, former President of CtrlS Datacenters, the firm brings deep expertise in data centre operations.

The acquisition is part of SETL's broader phased investment programme, under which the company will invest Rs 500 crore toward equity acquisition, capacity expansion, and working capital requirements.