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Netweb Technologies shares jumped 7% intraday after it secured an order worth ₹450 crore.
Netweb Technologies builds supercomputers, AI systems, cloud and data center solutions, offering high-performance computing hardware, storage, and enterprise IT services.
What’s happening: the order is for supplying Tyrone AI systems powered by advanced GPU chips. It was placed by one of the largest India-based global tech distribution and supply chain companies.
These AI-powered systems will be used to build strong infrastructure facilities that support artificial intelligence. The project, which will involve deploying the latest Tyrone GPU systems, is expected to be executed in phases and will run until the end of FY26.
Why it matters: the big order for AI GPU systems shows how fast artificial intelligence is catching on in India. AI GPU systems are special computers with powerful chips designed to run AI programs faster and handle large amounts of data.
More and more companies and organisations are using AI to work smarter and create new ideas, which means they need these powerful computers to keep up.
By winning this deal, Netweb Technologies can expand into supplying advanced AI computing solutions, offering high-performance GPU systems to more companies across India, and eventually targeting international markets with their AI hardware and services.
