Blue Cloud Softech Solutions Ltd announced on Monday that it has commenced delivery of services under its $150 million Master Services Agreement (MSA) with SpaceX International Ltd, MY, with execution under Statement of Work No. 1 beginning August 24, 2026.
The 18-month engagement covers enterprise AI compute infrastructure, cybersecurity, telecommunications, and data centre solutions. The contract value breakdown is: AI infrastructure $70 million, cybersecurity $25 million, telecommunications $25 million, and data centre solutions $30 million. Delivery and billing are expected to commence from the current quarter in accordance with the agreed execution schedule.
The engagement will be executed through Blue Cloud's US operations, drawing on the group's capabilities across AI platforms, cyber defence, telecom engineering, and data centre build-out and operations.
"Moving from signature to execution on schedule reflects the strength of our delivery organisation," said Bhaskar Nallamilli, CEO of Blue Cloud USA. "This programme strengthens our US delivery platform."
Tejesh Kumar Kodali, Group Chairman, added: "This engagement demonstrates Blue Cloud's ability to execute large-scale, multi-domain technology programmes. The scope across AI infrastructure, cybersecurity, telecommunications and data centre solutions further strengthens the Group's international delivery capabilities and supports its next phase of growth."
Blue Cloud Softech Solutions is a Hyderabad-headquartered, AI-first technology group with operations across India, the United States, Africa and other global markets. The company reported consolidated FY26 revenue of ₹1,002 crore, EBITDA of ₹126.13 crore, and profit after tax of ₹60.50 crore.
On the stock market, shares of Blue Cloud Softech traded in the green on Monday. The stock opened at Rs 22.99 against the previous close of Rs 22.11 on the BSE, and hit an intraday high of Rs 23.54, up 6.46% from the previous close. Last seen, it traded at Rs 22.98, up 3.93%, with a market cap of Rs 2,121.24 crore. The stock has a 52-week high of Rs 38, hit on November 6, 2025, and a 52-week low of Rs 16.51, touched on January 27, 2026.
The stock outperformed the sector by 3.87% and is trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Meanwhile, the Sensex tumbled 308.50 points, or 0.40%, to 77,232.33, and the Nifty fell 100.05 points, or 0.41%, to 24,151.95.