Orient Technologies moves up on collaborating with AWS India to offer advanced GPU and AI services
Orient Technologies is currently trading at Rs. 321.50, up by 0.50 points or 0.16% from its previous closing of Rs. 321.00 on the BSE.
The scrip opened at Rs. 313.60 and has touched a high and low of Rs. 326.05 and Rs. 313.60 respectively. So far 21799 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 674.30 on 20-Jan-2025 and a 52 week low of Rs. 247.55 on 08-Oct-2024.
Last one week high and low of the scrip stood at Rs. 344.50 and Rs. 311.00 respectively. The current market cap of the company is Rs. 1350.03 crore.
The promoters holding in the company stood at 73.22%, while Institutions and Non-Institutions held 2.17% and 24.61% respectively.
Orient Technologies has collaborated with Amazon Web Services (AWS) India to offer advanced GPU and AI services. AWS’ specialized GPU chips provide a host of advantages over traditional solutions, including over 50% reduced costs and dramatically lowered training expenses. These cost savings are essential to the IndiaAI mission, enabling more participants to join the initiative, stretch their budgets further, and expedite the development of AI technologies. Furthermore, AWS GPUs offer 25% greater energy efficiency compared to conventional alternatives, aligning perfectly with IndiaAI’s commitment to sustainable technological progress.
With AWS’s support, IndiaAI is positioned to rapidly deploy AI solutions at scale, extending its reach globally and fostering continuous innovation. The integration of AWS’s advanced GPU chips, AI services, and global ecosystem will drive the IndiaAI mission forward, accelerating AI development and ensuring that India can build cutting-edge technology for the world. Together, Orient Technologies and AWS aim to make India a global leader in AI development, creating a brighter future for all.
Orient Technologies is a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra. It offers a wide ranging and diversified bouquet of product and service offerings and classify its business into 3 verticals viz., IT Infrastructure, ITeS and Cloud and Data Management Services.
