E2E Networks, backed by L&T, has won a ₹177 crore (approximately ₹ 1.77 billion) MeitY order to supply GPUs for IndiaAI, boosting India’s electronics-led AI infrastructure push.
E2E Networks, backed by Larsen & Toubro, has secured a ₹177 crore (approximately ₹ 1.77 billion) order from the Ministry of Electronics and Information Technology (MeitY) under the IndiaAI Mission. The order involves the immediate allocation of advanced GPU resources, including H100 SXM and H200 SXM units, to GNANI AI for building India’s foundational AI model.
The company will provide these GPUs for a period of 360 days, delivering a total of 1,29,94,560 GPU hours. This deployment strengthens E2E’s position in the national AI infrastructure ecosystem and highlights its growing role in India’s electronics-driven AI ambitions.
IndiaAI, operating as an Independent Business Division within Digital India Corporation under MeitY, is central to the government’s push for high-performance computing. Approved in 2024 with an allocation of ₹10,300 crore (103 billion) over five years, the mission aims to establish a high-end computing facility equipped with 18,693 GPUs. This will be one of the largest AI compute infrastructures globally, offering nearly nine times the capacity of DeepSeek and about two-thirds of ChatGPT’s compute power.
E2E Networks, an NSE-listed and MeitY-empanelled hyperscale cloud platform, specialises in GPU infrastructure and advanced cloud technologies for AI, ML, and GenAI workloads. The company has delivered a 9054% return over the last five years, with Larsen & Toubro holding a 19% stake at the end of June 2025.
Domestic brokerage firm InCred Equities has added E2E Networks to its high-conviction list as an AI infrastructure play.
“The company has emerged as one of the top-tier cloud GPU infrastructure providers with a comprehensive line-up, battle-tested software (TIR), and balance sheet strength and parentage post-equity infusion by Larsen & Toubro. It is trusted by researchers, start-ups, and enterprises for its price-performance scalability, predictable and affordable pricing, and open-source technology build,” InCred said in a note.
