500 Crore Data Center Deal: This Engineering Stock Secures Global Supply Agreement for Hyperscale Projects
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Praj GenX, a wholly owned subsidiary of Praj Industries, has signed an exclusive global framework agreement with a leading EPC company, securing a minimum committed business of USD52 million (around Rs 500 crore) over the next two-and-a-half years.
✨ Key Takeaways
On Monday, Indian equity benchmark indices traded higher, with the benchmark Nifty 50 index rising 390.70 points, or 1.60 per cent, to 24,774.30. Amid the positive market sentiment, Praj Industries share price jumped 1.01 per cent to Rs 315.05 after the company announced that its wholly owned subsidiary, Praj GenX Ltd, has secured a global supply agreement for hyperscale data center infrastructure.
Praj GenX Rs 500 Crore Global Supply Agreement
Praj GenX has entered into an exclusive framework supply agreement with a leading global engineering, procurement and Construction (EPC) company to manufacture and supply precision fabrication components and modules for hyperscale data center infrastructure projects. The agreement marks the company's entry into the rapidly expanding global data center sector.
Under the agreement, Praj GenX will serve as the preferred supplier for identified product categories that will be deployed in hyperscale data center projects executed by the EPC company. The contract carries a minimum committed business value of USD 52 million (approximately ₹500 crore), with supplies scheduled to be delivered in multiple tranches over the next two-and-a-half years.
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Download Service BrochureExecution Begins at Mangaluru Facility
The company stated that execution of the first tranche has already commenced at its mega manufacturing facility in Mangaluru, Karnataka. Built on Industry 5.0 principles, the facility integrates advanced automation, collaborative robotics and precision fabrication capabilities to support global manufacturing requirements.
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Management Commentary
Commenting on the development, Dr. Pramod Chaudhari, Chairman of Praj GenX and Founder Chairman of Praj Group, said the agreement validates the company's engineering expertise, manufacturing capabilities and execution excellence. He added that the rapid adoption of artificial intelligence (AI) and cloud computing is driving significant investments in hyperscale data centers globally, creating a substantial long-term growth opportunity for the company.
About Praj Industries
Praj Industries Ltd is a global biotechnology and engineering company focused on the bioeconomy, energy transition and industrial infrastructure. Through its subsidiary Praj GenX, the company provides engineering and modular manufacturing solutions for sectors including oil & gas, advanced biofuels, sustainable aviation fuel (SAF), hydrogen, carbon capture and hyperscale data center infrastructure, serving customers across more than 100 countries.
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Add NowDisclaimer: The article is for informational purposes only and not investment advice.