Hyderabad: Standard Engineering Technology Limited (SETL) plans to acquire up to a 51% stake in GScale Energy Private Limited, marking its entry into AI datacentre engineering infrastructure. The BSE-listed precision engineering company said the first phase of the transaction will combine primary capital infusion and a strategic share-swap with existing shareholders, involving about ₹190 crore.SETL said it has also approved a broader ₹500 crore self-funded investment plan for equity acquisition, capacity expansion and working capital. The company said the programme will be financed through internal cash flows, with no new borrowings.GScale, led by founder and director Kasu Brahma Reddy, who was a former president of CtrlS Datacenters, has about 4 lakh sq ft of operational infrastructure and aims to expand to 10 lakh sq ft by FY2028. SETL said GScale’s leadership team will continue to run the business, supported by SETL’s capital, manufacturing scale and engineering capabilities.
