AUGUST 20248NETWEB TECHNOLOGIES TO LAUNCH AMD SERVERS IN INDIAESSAR GROUP FORAYS INTO CLEAN ENERGY SEGMENTIn a boost to the 'Make in India' initiative, Netweb Technologies has announced the launch of a new range of AMD-based servers from its state-of-the-art manufacturing facility in Faridabad. These servers, equipped with the latest 4th Gen AMD EPYC processors, are designed to support up to 6TB of memory, catering to the high-performance computing needs of data centers and AI systems.Essar Group, a diversified metals-to-infrastructure conglomerate, is embarking on an ambitious journey to become a leader in clean energy. As part of its strategic vision for sustainable growth, Essar plans to invest a significant Rs 30,000 crore over the next four years to set up a green hydrogen plant in Jamnagar, Gujarat. This initiative is a cornerstone of Essar's Sanjay Lodha, CEO of Netweb Technologies, highlighted the strategic significance of this launch: "This range of servers underscores our commitment to the `Make in India' mission and showcases our capability to produce world-class technology domestically. The focus on local manufacturing reflects our investment in Indian talent and resources and emphasizes our dedication to developing advanced computing infrastructure for both government and private sectors".The announcement follows the recent inauguration of Netweb's high-end computing, storage, and switch manufacturing facility in Faridabad.Vinay Sinha, Corporate Vice President of AMD India Sales, expressed enthusiasm about the collaboration: "We are thrilled to support Netweb Technologies with our latest 4th Gen AMD EPYC processors. This partnership exemplifies our commitment to driving technology and innovation forward".This development is expected to strengthen India's position in the global technology landscape, enhancing the country's capability to produce high-performance computing solutions locally, while supporting Netweb's vision of fostering indigenous technological advancements.Netweb Technologies continues to contribute significantly to India's technology sector, with this latest venture marking a milestone in high-tech server production and a step forward in self-reliance. commitment to decarbonize its operations and contribute to the global transition towards renewable energy.The green hydrogen plant in Jamnagar will be a major investment, with a planned capacity of 1 gigawatt of hydrogen production and associated green molecules capacity of 1 million tonnes per annum. Essar Renewables, a sister concern, will provide 4.5 GW of renewable energy to produce hydrogen through electrolysis, the cleanest known energy source. In addition to the green hydrogen project, Essar Group is taking significant steps to decarbonize its existing operations. Essar is planning to construct a green steel plant in Saudi Arabia, contributing to the global effort to reduce carbon footprints in the steel industry. Looking ahead, Essar Group is considering entering the mining sector for critical minerals, which are essential for electric vehicle batteries, solar panels, and wind turbine magnets. This potential expansion would further align with Essar's commitment to sustainability and support the growing demand for clean energy technologies.Prashant Ruia, Director of Essar Capital, underscores the importance of this green transition, stating that the company aims to create green molecules directly rather than converting green ammonia back into hydrogen, thereby reducing costs significantly. TOP STORIES
< Page 7 | Page 9 >