Black Box record best-ever quarterly performance for FY25
Black Box announced its best-ever quarterly performance for the financial year 202425, achieving order wins totaling Rs 1,550 crore in Q4.
The quarter was marked by several key victories, including a landmark Rs 240 crore order for a large-scale infrastructure modernization initiative with one of the United States' largest hospital networks. Additionally, Black Box secured over Rs 225 crore in data center service contracts with major global hyperscalers. The company also expanded its footprint in the transportation sector, winning over Rs 130 crore in new orders for airport modernization projects. In the education sector, Black Box was awarded a contract worth Rs 90 crore by a leading U.S.-based university.
Further strengthening its position, Black Box secured significant orders outside of the U.S., with notable wins in the Asia-Pacific and Indian markets. These included a Rs 90 crore engagement with a major consumer electronics firm in APAC region, as well as two large deals in India, one in the telecommunications sector for 5G rollout by Indian telcos and another with one of the largest municipal corporations totalling Rs 180 crore. These wins highlight the company's continued strength in delivering high value digital infrastructure solutions across a broad spectrum of industries.
We are seeing strong, sustained client demand for the modernization of IT and networking infrastructure to stay competitive in an increasingly digital-first world, said Sanjeev Verma, Whole Time Director, Black Box Ltd. This demand is fueled by the growing recognition that digital infrastructure is central to AI adoption and long-term business resilience. Verma added, This quarter's exceptional performance validates our strategic priorities and reinforces our commitment to disciplined execution. As we continue to innovate and enhance our global go-to-market capabilities, we are well-positioned to deliver lasting value to our clients and stakeholders.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
22 minutes ago
- India.com
Rs 15000 crore Antilia, Mumbai Indians and...: List of most expensive and cheapest things owned by Mukesh Ambani
Mukesh Ambani- File image Most expensive things owned by Mukesh Ambani: Mukesh Ambani is known for being the richest man of India living a ultra-luxurious life with his family members including wife Nita Ambani and sons Anant Ambani and Akash Ambani. However, do you know which are the most expensive assets owned by Mukesh Ambani? More interestingly, do you know about the most cheapest assets owned Mukesh Ambani? Mukesh Ambani, the chairman of Reliance Industries and India's richest man, is not just known for his business empire but also for his ultra-luxurious lifestyle that he lives with. From a billion-dollar luxurious residence to private jets, sports team and luxury cars, Mukesh Ambani has a list of expensive assets that will take you by surprise. What are the most expensive things owned by Mukesh Ambani: 1. Antilia: Mukesh Ambani lives in the world's most expensive home called Antilia. Located in Mumbai, Antilia is a 27-storey private building worth approximately Rs 15,000 crore. 2. Private Jets Fleet: Mukesh Ambani owns several luxury aircraft including a Boeing Business Jet 2, an Airbus A319, and a Falcon 900EX among other most expensive jets used by the family. 3. Luxury Car Collection: The car garage of billionaire Mukesh Ambani is home to more than 160 cars, including models like the Rolls-Royce Cullinan, Bentley Bentayga, BMW 760Li, and Mercedes-Maybach S660 Guard, valued in crores. 4. British Estate: As per media reports, Mukesh Ambani purchased the 300-acre Stoke Park estate in the UK for around Rs 592 crore. The property reportedly includes a five-star hotel, a golf course, and heritage structures. 5. IPL Team Mumbai Indians: Mukesh Ambani also owns the Mumbai Indians franchise, one of the most successful and valuable teams in the Indian Premier League. What are cheapest things owned by Mukesh Ambani? Talking about the cheapest things, reports have it that billionaire Mukesh Ambani still holds shares of Reliance Industries subsidiaries, such as Alok Industries, Hathway Cable & Datacom Limited, and DEN Networks available for less than Rs 60.
Time of India
22 minutes ago
- Time of India
Govt approves financial support for 23 companies to develop chipsets: MoS IT
Academy Empower your mind, elevate your skills The government has approved financial support for 23 companies to develop chipsets under the design-linked incentive scheme , Parliament was informed on of State for Electronics and IT, Jitin Prasada, in a written reply to Lok Sabha , said that 10 companies have raised venture capital (VC) funding for scaling up their design prototypes for commercialisation, and six companies have successfully taped out their prototype designs at advanced and mature technology nodes of various semiconductor foundries."72 domestic companies have been approved under the DLI Scheme for access to state-of-the-art Electronic Design Automation (EDA) tools. These companies are at different stages of developing semiconductor designs for various applications. Out of these, 23 companies have also been approved for financial support for developing SoCs for surveillance cameras, energy meters, microprocessor IPs, networking applications etc," the minister said that the DLI scheme provides financial incentives of up to 50% of eligible costs, with a ceiling of Rs 15 crore per application for design prototyping, scaling-up and volume production."To enable companies to deploy and commercialise their Intellectual Property (IP) cores, chips, and System-on-Chip (SoC) solutions, the scheme offers financial incentives ranging from 6 to 4% of net sales turnover, up to Rs 30 crore per application over five years," Prasada said.
Mint
22 minutes ago
- Mint
US tariffs, penalties may impact India's oil supplies, lift global prices
New Delhi: Hiked US tariffs and threats of penalties for energy and defence purchases from Russia, may crimp oil supplies to India while increasing its import bill, said sector experts. Russian oil makes up 36% of India's total oil imports. A person in the know of the development said that although India has a diversified oil import basket, an immediate shift in import sources would be tough and supplies may be disrupted in the near-term. An increase in oil prices as a result of fresh western sanctions on Russia may also increase India's oil import bill given India imports more than 88% of its domestic oil requirement. The exact impact on India's economy will become clear once there is clarity on the additional 'penalty' beyond the 25% tariff announced by US President Donald Trump. The spokesperson for the ministry of petroleum and natural gas did not immediately respond to a mailed query. Prashant Vasisht, senior vice president and co-group head, corporate ratings, ICRA Ltd said: "Several options exist for India to diversify its crude purchases as Russian crude accounted for less than 2% of Indian crude imports prior to FY2023. However, the potential impact of cutting off Russian oil from the international market would be a significant increase in international oil prices as Russian oil exports account for 7% of the global liquids consumption." He said a significant spike in crude prices could lead to higher crude import bill and under-recoveries on sale of liquified petroleum gas, petrol and diesel for oil marketing companies. Vasisht added that a $10-per-barrel-increase in crude oil prices would take up the oil bill by about $13-14 billion. Additionally, domestic gas and LNG imports linked to dated Brent prices would also become dearer thereby impacting all gas consumers such as fertilizer, city gas distribution, he said. India's crude import bill in FY25 was $137 billion. A person in the know of the development said that India can increase purchases from West Asia, Africa, Latin America and the US itself, in case it decides to ease Russian oil imports. Although India's import from the US also has picked up this year, it is yet to assume a major share of India's total imports. At the time of writing the story, the September contract of Brent on the Intercontinental Exchange was trading at $72.76 per barrel, higher by 0.22% from its previous close. Although India has adequate stock for the near term, supplies are likely to be impacted given that Russian oil comprises the largest share of India's energy imports. India has diversified its sources of oil imports to nearly 40 countries after the crisis in the global markets in 2022 post Russia's invasion of Ukraine. 'The current situation reinforces the wisdom of our multi-alignment approach in an increasingly multipolarworldorder," said Rishi Shah, Partner and Economic Advisory Services Leader, Grant Thornton Bharat. Earlier this month, after the US President warned of secondary tariffs on countries that import Russian oil, Union minister for petroleum and natural gas Hardeep Singh Puri said India is not worried and will navigate any eventuality as there is enough supply in the market. Russia has emerged as the top supplier of crude oil to India since February 2022 after western economies sanctioned purchases of Russian energy and Russia in turn offered deep discounts. China and India emerged as its top two buyers. Prior to that, Russian oil comprised only about 2% of India's oil imports. In a report on Tuesday, Rubix Data Sciences, a risk management and monitoring company noted that the value of Russian oil imports has surged at a 96% CAGR over the past five years. This shift has helped Indian refiners secure cost-effective barrels, improve margins through discounted grades like Urals and ESPO (Russian oil supplied to the Asia Pacific markets through Eastern Siberia–Pacific Ocean (ESPO), and reduce exposure to vulnerable routes such as the Strait of Hormuz, it said.
