US subsidiary receives US$15.5 million AI infrastructure order from IBM Cloud Inc
Wholly owned US arm Global Impx Inc. has received a signed Statement of Work from IBM Cloud Inc for AI Infrastructure Design, Deployment and Support Services.
- Contract Value
- US$15,500,000 (approximately ₹147 crore)
- Client
- IBM Cloud Inc
- Service Scope
- AI Infrastructure Design, Deployment and Support Services
- Payment Structure
- Fixed fee payable across five milestones
- Work Commencement
- 24 September 2026 in New Jersey, USA
What was shared
Global Impx Inc., USA, a wholly owned subsidiary, has received a signed Statement of Work from IBM Cloud Inc for AI Infrastructure Design, Deployment and Support Services.
Commercials
- Fixed fee of US$15,500,000, approximately ₹147 crore at an indicative ₹95 per US dollar, exclusive of taxes.
- Payable against five project milestones, from kick-off to production go-live.
- Issued under a Master Services Agreement dated 21 August 2026.
Scope and timing
- Design, deployment, configuration, integration, testing and support of an AI infrastructure environment; delivery in New Jersey, USA.
- Build covers GPU compute clusters, high-performance storage and networking, AI/ML platforms and Kubernetes-based orchestration.
- Signatures dated 18 September 2026; signed copy received on 24 September 2026; work commenced on 24 September 2026.
- Completion per the client-approved project plan, followed by a 30-day stabilisation and support period.
- Service levels include infrastructure and GPU availability of at least 99.5 per cent, critical alerts within 15 minutes and response to critical incidents within 30 minutes.
Context
The company states consolidated revenue of ₹1,002 crore for FY 2025-26. Global Impx Inc. has been its wholly owned US subsidiary since June 2026. The order is international, is not a related party transaction, and the promoter or promoter group has no interest in the awarding entity.
What investors may watch
Revenue recognition will depend on execution against the five milestones and client acceptance. The company notes forward-looking risks including project execution, client approvals and acceptance, and economic and technology conditions.
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More numbers
- Order fixed fee (USD)US$15,500,000
- Order value (INR approx)₹147 crore
- Assumed USD rate₹95 per US dollar
- Payment milestonesfive project milestones
- Stabilisation and support period30-day
- Infrastructure and GPU availability SLA99.5 per cent
- Critical alert time15 minutes
- Critical incident response time30 minutes
- Consolidated revenue FY 2025-26₹1,002 crore
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