Smallcap AI shares locked in 20% upper circuit on US transport agency deal

Synopsis

Shares of XTGlobal Infotech hit the 20% upper circuit at Rs 33.18 on the BSE after the company secured an AI Enablement for Engineering Services contract from a US-based state transportation agency. The six-month engagement is valued at about $796,900. Managing Director Ramarao Atchuta Mullapudi said the win strengthens its transportation vertical and US public sector presence.

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 production-ready solution to support digital delivery initiatives across engineering and infrastructure workflows. The initial engagement is structured as a six-month programme increment.

The scope includes AI-driven content generation and document assembly; agentic AI workflows with human-in-the-loop governance; intelligent document processing and compliance automation; cloud-native CI/CD enablement and containerised deployment; digital signature and Model-as-a-Legal-Document enablement; and AI-powered engineering productivity enhancements.

The company said the engagement strengthens its position within the transportation vertical by expanding its footprint in AI-driven engineering modernisation initiatives. It added that securing and executing technology modernisation programmes in regulated environments enhances revenue visibility, portfolio diversification, and long-term shareholder value creation.

XTGlobal operates in enterprise applications, cloud, data and analytics, artificial intelligence, and automation.

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