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Essar group IT company Black Box Ltd has secured a USD 131 million (about INR 1,240 crore) order from a new US-based global Tier-1 hyperscaler for a major data centre project in the United States. The company disclosed the order in a regulatory filing on Wednesday, but did not identify the client. Under the engagement, Black Box will undertake project-related work at a key location in the US over an approximately three-year period. The company also indicated that the engagement is expected to expand further over time. The order adds to Black Box’s business with hyperscale data centre operators and forms part of its efforts to increase its presence in this segment. Chief executive Sanjeev Verma described the contract as an important step in the company’s hyperscaler growth journey.
Essar group IT company Black Box Ltd has secured a USD 131 million (about INR 1,240 crore) order from a new US-based global Tier-1 hyperscaler for work related to a major data centre project in the United States, the company said in a regulatory filing on Wednesday.
The client’s name has not been disclosed. Black Box said the engagement covers delivery of project work at a key location in the US and is expected to run for approximately three years. The company also indicated that the scope of the engagement is expected to expand further in due course.
The order is valued at USD 131 million, equivalent to about INR 1,240 crore. Black Box described the customer as a new US-based global Tier-1 hyperscaler, placing the contract within the company’s business serving large-scale technology infrastructure operators.
The company disclosed the contract in a late-night filing on Wednesday. In the filing, Black Box stated that it had secured the USD 131 million order for a major data centre project in the US from the new hyperscaler. No further details about the specific data centre location, project capacity, development timeline or the identity of the customer were provided.
The engagement will involve Black Box delivering work at the identified US location over a period of around three years. According to the company, the work is expected to see further expansion as the engagement progresses. The filing did not specify the value or nature of any potential additional work.
Sanjeev Verma, whole-time director and chief executive officer of Black Box, said the order represented an important step in the company’s growth with hyperscaler customers. His comments linked the contract to the company’s broader focus on expanding its hyperscaler business, while the filing provided no additional financial guidance associated with the order.
The contract comes as data centre infrastructure requirements from large cloud and technology companies continue to form part of Black Box’s business activities. However, the company did not provide details in the filing on the expected revenue recognition schedule, margins or the contribution the contract would make to its financial performance.
Black Box is an Essar group company that provides technology infrastructure and related solutions. The latest order adds a new US-based global Tier-1 hyperscaler to its customer engagement base, although the company has not named the organisation.
The approximately three-year duration of the engagement provides the stated timeframe for the initial work at the US location. Black Box has also indicated that additional expansion could follow, but the company has not disclosed a specific timeline or commercial value for such expansion.
The announcement therefore establishes the initial contract value at USD 131 million and the project duration at about three years, while further details on the data centre, customer and potential expansion remain undisclosed.
Source - PTI
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