Blue Cloud Softech Hits 5% Upper Circuit on BSNL Deal

Shares of Blue Cloud Softech hit a 5% upper circuit at Rs 19.96 on the BSE on 30 June, after it announced a new empanelment with BSNL.

Blue Cloud Softech has been empanelled by Bharat Sanchar Nigam Limited as a Captive Non-Public Network Provider under Category III.

This means the company can now offer captive private network services to enterprise customers across India through BSNL.

The empanelment follows a formal agreement signed between the two companies, under which Blue Cloud Softech will work alongside BSNL on planning, designing, deploying, commissioning and maintaining these private network solutions.

The agreement will remain valid for 60 months. The company was quick to clarify that this empanelment alone does not guarantee any fixed business or revenue.

How much the company actually earns from this tie up will depend entirely on the specific projects it manages to secure going forward.

These captive networks are typically used by enterprises that need secure, dedicated communication systems, and can support use cases like smart manufacturing, logistics automation and mission critical communications.

Blue Cloud Softech said this development adds to its existing telecom licence and supports its broader push into enterprise connectivity and AI driven digital solutions.

It’s worth noting that this rally comes after a rough patch for the stock. Shares had fallen nearly 27% over the previous three trading sessions before today’s bounce back.

Shares of the Hyderabad based IT and telecom solutions company closed at Rs 19.96 on the BSE on 30 June, locked at its 5% upper circuit for the day.

The stock remains well below its 52 week high of Rs 38, and is still down close to 38% over the past year.

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