Netweb Technologies India Limited (Netweb), a leading Indian Original Equipment Manufacturer (OEM) specializing in High-end Computing Solutions (HCS), has clinched a significant contract worth ₹1,734 crore. The order involves supplying servers equipped with NVIDIA's advanced Blackwell architecture, marking a major milestone in India's pursuit of sovereign AI infrastructure.

Strategic Importance

The contract is part of the IndiaAI Mission, aimed at strengthening India's AI compute capabilities. This deployment will enable the development of indigenous large multimodal models, domain-specific foundational models, and scalable AI solutions for socio-economic transformation.

Order Details

Impact on Netweb's Financials

The order is expected to significantly boost Netweb's financial performance:

• Projected to increase the company's annual revenue by over 60%
• Not part of Netweb's formal financial guidance
• Separate from the company's existing order pipeline of ₹41,421.00 million as of June 30, 2025

Technical Specifications

Netweb will deliver systems purpose-built for:

• Large scale Generative AI
• Foundational model training
• Exascale computing

Each node will feature Nvidia's latest generation 8x GPU-HGX-B200 accelerators, optimized for high-throughput, memory-intensive workloads.

Make in India Initiative

The servers will be designed and manufactured in India, leveraging Netweb's in-house R&D and production capabilities. This aligns with the country's Make-in-India vision and showcases India's growing prowess in high-tech manufacturing.

Management Commentary

Mr. Sanjay Lodha, Chairman and Managing Director of Netweb Technologies India Limited, stated, "This strategic order reflects the growing importance of sovereign compute capabilities in India's digital future. We are proud to contribute to the IndiaAI Mission by delivering best-in-class AI infrastructure, engineered and manufactured in India."

Conclusion

This landmark order not only represents a significant business win for Netweb Technologies but also underscores India's commitment to developing its AI infrastructure. As the country aims to position itself as an AI superpower, contracts like these are likely to play a crucial role in shaping the future of India's technology landscape.

Netweb Technologies India Limited , a prominent player in the technology sector, has taken legal action against a customs duty demand of Rs 1.06 crore. The company has filed an appeal with the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), contesting an order passed by the Commissioner of Customs Audit.

Appeal Details

The appeal, filed on August 14, challenges an order-in-original dated May 8, which demanded a differential custom duty of Rs 1,05,94,991 (One Crore Five Lakh Ninety-Four Thousand Nine Hundred Ninety-One only) under the Customs Act 1962.

Company's Stance

Netweb Technologies has asserted that this legal action will not have any material impact on its financials, operations, or other activities. This statement aims to reassure stakeholders about the company's stability despite the ongoing legal proceedings.

Regulatory Compliance

In line with its obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Netweb Technologies has duly informed both the BSE Limited and the National Stock Exchange of India Limited about this development. The company's proactive disclosure demonstrates its commitment to transparency and regulatory compliance.

Company Background

Netweb Technologies India Limited, headquartered in Faridabad, Haryana, is listed on both the BSE and NSE. As a technology company, Netweb continues to navigate the complex landscape of international trade and customs regulations.

The outcome of this appeal could have implications for Netweb Technologies' financial obligations and potentially set a precedent for similar cases in the technology sector. Stakeholders and industry observers will likely keep a close watch on the proceedings at CESTAT and any subsequent developments in this matter.