Blue Cloud Softech Solutions539607Periodic business update

Architecture phase of USD 150 million SpaceX International programme completed; about ₹25 crore of work delivered

Company said it completed the architecture phase of its USD 150 million programme with SpaceX International Ltd, Labuan, in the quarter ended 30 September 2026.

By ScoutQuest · Wed 14 Oct 2026, 8:56 AM IST · 2 min read

Programme value: USD 150 million
Work delivered in quarter ended 30 September 2026: approximately ₹25 crore
Programme split: AI Infrastructure and Data Centre USD 100 million; Cybersecurity USD 25 million; Telecommunications USD 25 million

What was announced

The company has issued a press release, enclosed with its exchange update, on the progress of its engagement with SpaceX International Ltd, Labuan. The engagement covers three sectors: AI infrastructure and data centre solutions, cybersecurity, and telecommunications. AI infrastructure and data centres are described as being delivered together as one integrated sector.

Programme size and how it is split

AI Infrastructure and Data Centre: USD 100 million, stated as two-thirds of the programme
Cybersecurity: USD 25 million, stated as one-sixth
Telecommunications: USD 25 million, stated as one-sixth
Total programme: USD 150 million (100%)

What the company states was achieved in the quarter ended 30 September 2026

The architecture phase of the programme was completed, with the solution architecture across the programme finalised
Approximately ₹25 crore of work was delivered, described as work valued at approximately ₹25 crore
Mobilisation and the first delivery work were executed on schedule within the first weeks of the programme
Work for the current quarter, October to December 2026, began as planned, with the press release stating there is no gap between phases

How the work is being executed

The engagement is executed through the Company's US subsidiary, Blue Cloud USA, supported by engineering teams in India. Delivery is stated to have commenced on 24 August 2026.

Management comment

Tejesh Kumar Kodali, Group Chairman, said this is what AI-first delivery looks like, that the architecture for a programme spanning AI infrastructure and data centres, cybersecurity and telecommunications has been completed, that about ₹25 crore of work has been delivered, and that the next quarter has begun on the date promised. He also said customers should expect the company to do what it says, when it says it, and that shareholders should expect to be told about every milestone as it is reached.

What comes next

With the architecture locked, the stated focus shifts to scaling build and deployment across the three sectors. The company says it will keep investing in engineering capacity, delivery leadership and security assurance so that the programme continues to meet its schedule, and that further disclosures will be made to BSE and NSE as milestones are reached.

How to read this

The communication is a progress update on an engagement the company describes as on schedule, and it carries the specific figures of the programme value, the sector-wise split and the value of work delivered so far. The press release also states that statements relating to future plans, timelines and expected delivery are forward-looking and subject to risks and uncertainties, including customer requirements, project scheduling and market conditions, and that actual results may differ materially.

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