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 deployment will mark a pivotal milestone in India’s journey to build sovereign AI infrastructure. It will enable the development and deployment of indigenous large multimodal models, domain-specific foundational models, and scalable AI solutions for socio-economic transformation,” Netweb said.
According to the company, the order will leverage its latest GPU-accelerated platforms built on NVIDIA’s cutting-edge Blackwell architecture. The company further said order execution is scheduled between the last quarter of FY26 and the first half of FY27, with financial impact recognised during that period.
Netweb is a leading Indian original equipment manufacturer (OEM) in the space of high-end computing solutions (HCS).
Netweb Technologies share price trend
Netweb Technologies shares have given multibagger returns of 166 per cent over the last five years. However, the stock has been under pressure recently.
Over the last year, the stock has declined 13 per cent, while year-to-date, it has fallen 17 per cent.
On a monthly basis, however, the stock has stayed in the green since July, gaining over 30 per cent despite weak market sentiment.
The small-cap stock hit a 52-week high of ₹3,060 on 27 November last year, followed by a 52-week low of ₹1,251.55 on 7 April this year on the NSE.
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