XTGlobal Infotech Secures USD 796,900 Order from Texas Transportation
Filing Summary
XTGlobal Infotech Limited’s U.S. subsidiary, XTGlobal Inc., has secured a work order from the Texas Department of Transportation for “AI Enablement for Engineering Services.” The contract is valued at USD 796,900, approximately INR 7.2 Crores. The project will run from March 16, 2026, to September 30, 2026, with payments tied to milestone-based deliverables. The work order may be renewed for an additional six months, subject to approval. This order is in the normal course of business and does not involve related party transactions.
XTGlobal Infotech Limited, through its U.S. subsidiary XTGlobal Inc., has received a work order from the Texas Department of Transportation (TxDOT). The order pertains to “AI Enablement for Engineering Services” and is valued at USD 796,900, approximately INR 7.2 Crores. The project is scheduled to commence on March 16, 2026, and conclude on September 30, 2026.
The work order specifies that payments will be made against defined milestone-based deliverables. The contract includes a provision for potential renewal for an additional six months, subject to separate approval. The order is classified as an international contract, executed with XTGlobal Inc., a subsidiary of XTGlobal Infotech Limited.
The scope of the order involves the development and implementation of AI-enabled engineering services. This project is part of a six-month Program Increment, which is a structured approach to delivering the specified services.
The order does not fall within related party transactions, and no governmental or regulatory approvals are required in India for this contract. The transaction is in the normal course of business for XTGlobal Infotech Limited.
The Texas Department of Transportation is a U.S. government entity responsible for overseeing transportation systems in Texas. The department focuses on maintaining and developing transportation infrastructure, including roads and highways, to ensure efficient and safe travel across the state.
XTGlobal Infotech Limited is engaged in providing IT services and solutions. The company focuses on leveraging technology to deliver innovative solutions to its clients. Its strategic priorities include expanding its service offerings and enhancing its presence in international markets through its subsidiaries.