Netweb Technologies share price surged as much as 9 per cent in intraday trade on the NSE on Wednesday (September 3) after the company said it had secured an order worth ₹1,734 crore to power India’s sovereign AI infrastructure.
The small-cap stock opened at ₹2,355.90 against its previous close of ₹2,266.60 and jumped 8.70 per cent to hit its intraday high of ₹2,464. Around 11:35 am, Netweb Technologies shares traded at ₹2,406.60, up 6.20 per cent on the NSE.
Netweb Technologies secures a strategic order
In an exchange filing on September 3, Netweb said it had won an order worth ₹1,734 crore, which is of national importance and aims to strengthen India’s AI computing capabilities.
“Netweb Technologies India has secured a landmark order worth ₹1,734 crore. This strategic win is of national importance, aimed at strengthening India’s AI compute capabilities and advancing the country’s ambitions for a Sovereign AI System under the IndiaAI Mission,” said the company.
(This is a developing story. Please check back for fresh updates.)