Shares of IT stock of THIS company gains amid several announcements – Check full details here

The company also recently announced that it has signed a $15 million MoU with Byte Eclipse, a US-based Internet of Things (IoT) company.

Shares of Blue Cloud Softech Solutions gained 15 per on Tuesday as the firm announced in its latest exchange filing that Sukhwinder Gill has been appointed as its Strategic Advisor. The stock started the trading session at Rs 32.80 against the previous close of Rs 28.63 on the BSE. This is a gain of 14.57 per cent, It jumped further to touch the high of Rs 33 amid high trading volume. Last seen, the stock held firmly in green at Rs 30.81 with a gain of 7.61 per cent. The action in stock comes amid several positive announcements by the company. The market cap of the company stood at Rs 1,345.06 crore.

Sukhwinder Gill was previously a significant investor in SoftBank Vision Fund. Gill has over 30 years of international financial markets and venture capital experience. He has deep understanding of strategic investments, business growth advisory, and market leadership.

SoftBank Vision Fund is one of the world’s largest and most influential technology investment platforms. During his tenure, Gill played a key role in identifying, valuing, and structuring investment opportunities for several leading tech companies.

Under his leadership, SoftBank has invested in renowned companies such as Jobandtalent, Jellysmack, Our Crowd, Better, and Primary Bid.

In another exchange filing, the company said that on the recommendation of the Nomination and Remuneration Committee of the company, the Board of Directors of Blue Cloud Softech has appointed Veera Venkata Satya Devrabhotla as a Non-Executive Additional Director of the company with immediate effect from October 29, 2025.

The company also recently announced that it has signed a $15 million MoU with Byte Eclipse, a US-based Internet of Things (IoT) company.

Under this agreement, the two companies will jointly design and develop specialized ‘Edge AI Chips’ for the oil and gas (O&G) industry. This is the first phase of the project, valued at $15 million and expected to be completed over the next 18 months.

The partnership aims to develop advanced Edge AI chips that will support critical industrial needs like Predictive Maintenance (PdM) by processing data in real-time and making decisions on-site.

These chips will be designed to address the unique challenges of the oil and gas (O&G) sector, such as harsh environments, remote locations, and the need for safe, efficient, and autonomous operations.