Blue Cloud Softech Solutions Commences Execution of USD 150 MillionMaster Services Agreement with SpaceX International Ltd, MY

TBT Online Desk

August 24, 2026 2 Min Read

Hyderabad (Telangana) [India], August 24: Blue Cloud Softech Solutions Limited (BSE: 539607 | NSE: BLUECLOUDS) (“Blue Cloud” or the “Company”), an AI-first technology company, today announced that it has commenced the delivery of services under its Master Services Agreement (“MSA”) with SpaceX International Ltd, MY, with execution under Statement of Work No. 1 beginning 24 August 2026. Statement of Work No. 1 has an aggregate contract value of USD 150 million and covers AI Infrastructure (USD 70 million), Cybersecurity (USD 25 million), Telecommunications (USD 25 million) and Data Centre Solutions (USD 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 delivery capabilities across artificial intelligence platforms, cyber defense, telecom engineering, and data centre build-out and operations. Commenting on the commencement, Mr. Bhaskar Nallamilli, CEO of Blue Cloud USA, said: “Moving from signature to execution on schedule reflects the strength of our delivery organisation. This programme strengthens our US delivery platform” or “establishes a significant delivery programme across four practice areas.” Mr. 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.” About Blue Cloud Softech Solutions Limited Blue Cloud Softech Solutions Limited (BSE: 539607 | NSE: BLUECLOUDS) is a Hyderabadheadquartered, AI-first technology group with operations across India, the United States, Africa and other global markets. The Group’s technology portfolio spans AI infrastructure and MLOps, cybersecurity, telecommunications and 5G Fixed Wireless Access, healthcare technology, data centre solutions, and public-sector digital platforms. The Company reported consolidated FY26 revenue of ₹1,002 crore, EBITDA of ₹126.13 crore and profit after tax of ₹60.50 crore. These figures should be retained only after confirming exact consistency with the Company’s formally disclosed FY26 financial results. Blue Cloud’s US operations support AI infrastructure, cybersecurity, telecommunications and data centre programmes for international clients. The commencement of the USD 150 million engagement under Statement of Work No. 1 further strengthens the Group’s US delivery platform and its strategy of scaling integrated technology infrastructure capabilities across international markets. Blue Cloud’s US operations are anchored through Blue Cloud Softech Solutions Ltd – USA, which delivers AI infrastructure, cybersecurity, telecommunications and data centre programmes for global clients. The commencement of the USD 150 million engagement under Statement of Work No. 1 further strengthens the Group’s US delivery platform and supports its strategy of scaling integrated, mission-critical technology infrastructure capabilities across international markets. Forward-looking statements Certain statements in this release concerning expected revenues, delivery schedules and future business prospects are forward-looking statements and involve risks and uncertainties that could cause actual results to differ materially, including client payment performance, execution risks and macroeconomic conditions. The Company does not undertake to update any forward-looking statement except as required by applicable law.