E2E Networks Secures ₹177 Crore AI Infrastructure Order from MeitY, Acquires Jarvis Labs AI Assets
E2E Networks has won a ₹177 crore contract from the Ministry of Electronics and Information Technology to provide GPU resources for India's foundational AI model. The company will supply H100 SXM and H200 SXM GPU resources to GNANI AI for 360 days. Additionally, E2E Networks' board has approved the acquisition of AI/ML assets from Jarvis Labs AI Pvt Ltd, including intellectual property, hardware, domain, and customer assets. The company's shares closed 5.86% higher at ₹2,403.10 on the NSE following these announcements.

*this image is generated using AI for illustrative purposes only.
E2E Networks , a leading provider of cloud infrastructure services, has made significant strides in the artificial intelligence (AI) sector with two major announcements that have caught investors' attention.
Ministry of Electronics and Information Technology Contract
E2E Networks has secured a substantial order worth ₹177.00 crore from the Ministry of Electronics and Information Technology (MeitY) under the IndiaAI Mission. This landmark contract positions E2E Networks at the forefront of India's push into artificial intelligence infrastructure.
Key details of the contract include:
- The company will provide H100 SXM and H200 SXM GPU resources to GNANI AI.
- The resources will be used for building India's foundational AI model.
- The contract duration is set for 360 days.
- The total GPU hours to be provided amounts to nearly 1.30 crore.
- The GPUs will be deployed with InfiniBand network on a single fabric, ensuring high-performance computing capabilities.
This significant order underscores the government's commitment to advancing AI technologies in India and E2E Networks' capability to deliver high-end GPU resources for complex AI computations.
Strategic Acquisition to Expand AI/ML Offerings
In a move to bolster its artificial intelligence and machine learning (AI/ML) portfolio, E2E Networks' board has approved the acquisition of specific assets from Jarvis Labs AI Pvt Ltd, a Coimbatore-based company. The acquisition includes:
- Intellectual Property (IP)
- Hardware assets
- Domain assets
- Customer assets
This strategic acquisition is expected to enhance E2E Networks' capabilities in the AI/ML space, potentially opening up new revenue streams and market opportunities.
Market Response
The market has responded positively to these developments. E2E Networks' shares closed 5.86% higher at ₹2,403.10 on the National Stock Exchange (NSE), reflecting investor confidence in the company's growth strategy and its expanding role in India's AI infrastructure landscape.
These recent developments highlight E2E Networks' commitment to positioning itself as a key player in India's growing AI ecosystem. The substantial government contract and strategic acquisition are likely to strengthen the company's market position and contribute to its long-term growth prospects in the rapidly evolving field of artificial intelligence and cloud computing.
Historical Stock Returns for E2E Networks
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+5.86% | -3.84% | +4.67% | +20.99% | -2.66% | +8,980.00% |