BSE smallcap IT stock in focus as company signs MoU with Andhra Pradesh Economic Development Board: Details

A day after signing a memorandum of understanding (MoU) with Konkan Railway Corporation Limited (KRCL), BSE smallcap IT company Blue Cloud Softech Solutions Limited has informed exchanges that it has entered into a MoU with the Andhra Pradesh Economic Development Board (APEDB), Government of Andhra Pradesh. As part of this agreement, the company will invest approximately Rs 400 crore in the healthcare sector in the state. Under this agreement, the IT company will launch its flagship project, 'BluBio,' in major cities like Amaravati or Visakhapatnam. This high-tech project will be built on an area of ​​approximately 30 acres and will generate over 1,200 direct jobs by 2027.

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