MANUFACTURING
Standard Engineering To Buy 19.19% Stake In Japan’s GL Hakko For ₹70 Cr
Standard Engineering Technology Ltd. (SETL) will acquire a 19.19% stake in Japan-based GL Hakko Co. Ltd. for ₹70 crore through internal accruals, strengthening its presence in the global glass-lined process equipment market. The company also has the option to raise its stake by another 31.88% over the next three years by investing ₹116.70 crore at […]
CW Bureau
·
Jul 7, 2026
STARTUP/TECHNOLOGY
SETL Bets Big On AI Datacentre Boom With Acquisition Of GScale Energy
Standard Engineering Technology Ltd (SETL) is making a decisive push into India’s fast-growing AI datacentre infrastructure market by acquiring a majority stake in GScale Energy Pvt Ltd, aiming to localise the manufacturing of critical power and cooling equipment that is currently largely imported. The precision engineering company has announced the acquisition of up to a […]
CW Bureau
·
Jun 29, 2026
INFRASTRUCTURE
SETL Acquires 51% Stake In GScale Energy, Commits ₹500 Cr For Growth
Standard Engineering Technology Ltd (SETL), a precision and multi-disciplinary engineering company, has announced the acquisition of a majority stake in GScale Energy Pvt Ltd, marking its entry into the rapidly growing AI data centre infrastructure segment. The company proposes to acquire up to 51% shareholding in GScale Energy through a combination of primary capital infusion […]
CW Bureau
·
Jun 25, 2026
