Smallcap AI shares locked in 20% upper circuit on US transport agency deal
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Shares of XTGlobal Infotech were locked in the 20% upper circuit at Rs 33.18 on the BSE on Thursday after the company announced it had been selected for an AI Enablement for Engineering Services engagement by a prominent US-based state transportation agency. The total contract value for the initial six-month engagement is approximately $796,900. Managing Director Ramarao Atchuta Mullapudi said the award reflects continued trust in the company’s engineering and AI capabilities. He added that expanding the Transportation Vertical and strengthening the Public Sector portfolio in the United States remain key strategic priorities. Executive Vice President Alma John said the win reinforces the company’s vertical specialisation strategy in transportation and tolling, and supports further expansion in AI-led modernisation initiatives. The project involves transitioning an internally developed artificial intelligence proof of concept into a produc...