Blue Cloud Softech Solutions zooms on inking $150 million ToT pact with Israel-based Tech Firm
Blue Cloud Softech Solutions is currently trading at Rs. 33.38, up by 3.60 points or 12.09% from its previous closing of Rs. 29.78 on the BSE.
The scrip opened at Rs. 29.78 and has touched a high and low of Rs. 33.70 and Rs. 29.60 respectively. So far 7946158 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 79.95 on 11-Nov-2024 and a 52 week low of Rs. 14.95 on 17-Apr-2025.
Last one week high and low of the scrip stood at Rs. 33.84 and Rs. 25.24 respectively. The current market cap of the company is Rs. 1430.57 crore.
The promoters holding in the company stood at 34.54%, while Institutions and Non-Institutions held 22.94% and 42.52% respectively.
Blue Cloud Softech Solutions (BCSSL) has signed $150 million technology ownership transfer (ToT) agreement with Israel-based technology company to co-develop edgeAI chips-advanced semiconductor systems designed to power the next generation of AIoT (Artificial Intelligence of Things) and industrial automation applications. The agreement value of $150 million includes a five-year strategic investment plan by BCSSL covering technology integration, product development, and manufacturing setup in India, along with revenue sharing to the Israel technology partner for hardware design transfer and intellectual property rights.
Under this ToT partnership, the Israel firm will provide the core hardware architecture and reference design, while BCSSL will own and develop the entire software stack, including system firmware, AI middleware, and application frameworks, thereby solidifying complete technology ownership and intellectual property control on Indian soil.
BCSSL is presently in advanced discussions with leading Indian semiconductor manufacturing companies to fabricate these chips domestically, ensuring large-scale, end-to-end local production. The initiative will not only fulfill the company’s existing $15 million collaboration with Byte Eclipse for Edge AI chip integration in the Oil & Gas sector but also address several similar industrial projects currently in the pipeline across defense, energy, and industrial AIoT domains.
Blue Cloud Softech Solutions is carrying on the business of designing, developing, computer software and marketing in India or abroad and providing data processing services of all kinds including computer consultancy, systems analysis, and programming and computer maintenance in India or abroad.
