Essar Group's IT firm, Black Box, sees growth potential amid AI boom due to increased demand for data centers and managed services.

Essar Group sees significant growth potential for its IT firm, Black Box, amid the AI boom, driven by increased demand for new data centres and managed services worldwide. Prashant Ruia, director of Essar Capital, expressed confidence in the sector and noted that Black Box, which operates in 35 countries, primarily focuses on the US market. The company currently generates about $800m in revenue.

June 15, 2024
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