Blue Cloud Softech touches the roof on signing strategic $15 million MoU with Byte Eclipse
Blue Cloud Softech Solutions is currently trading at its upper circuit limit of Rs 28.66, up by 4.77 points or 19.97% from its previous closing of Rs 23.89 on the BSE.
The scrip opened at Rs 25.24 and has touched a high and low of Rs 28.66 and Rs 25.24 respectively. So far 3008129 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 28.66 and Rs 23.00 respectively. The current market cap of the company is Rs 1233.80 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 a strategic $15 million Memorandum of Understanding (MoU) with Byte Eclipse, a US-based IoT company, to design and develop Edge AI Chips tailored for the Oil & Gas (O&G) industry. This partnership underscores BCSSL’s commitment to delivering innovative, cost-effective, and technology-driven solutions to transform industrial operations.
The primary objective of this collaboration is to create advanced Edge AI chips that enable real-time, on-site data processing and decision-making for mission-critical applications like Predictive Maintenance (PdM). These chips will address the unique challenges of the O&G sector, including harsh environments, remote locations, and the need for secure, efficient, and autonomous operations. Phase 1 of the project, valued at $15 million, is expected to be completed within 18 months, with future phases planned for scaling the solution globally.
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.
