Creative Newtech Ltd secures Rs. 35.89 Crore FCI Smart Warehousing Project Across 150 Depots

Creative Newtech Limited (NSE: CNL, BSE: 544631) has marked a strong win in India's smart warehousing space by securing the Rs. 35.89 crore Food Corporation of India (FCI) Smart Warehousing Project, covering 150 depots across India. The project is part of the Government of India's supply chain modernization initiative and will support the modernization of India's food storage infrastructure through IoTbased systems, intelligent monitoring, and smart warehouse-level technology.

The project will be executed through Creative Newtech Limited strategic partnership with SI and Creative Newtech's implementation strength and deployment experience.

Under this engagement, Surveillance and AI based smart warehousing infrastructure will be deployed across FCI depots. The scope of work includes sensor modules, bag counting systems, boom barriers, gateway infrastructure, software platforms, surveillance, AI, and intelligent monitoring systems. These solutions are expected to support improved monitoring, stronger visibility, and better operational control across the selected depots.

Creative Newtech will support execution through its government domain experience, financial strength, supply partner ecosystem, and deployment capabilities, enabling with 31 offices and warehouse coordinated rollout across 150 depots. The project will be rolled out in two phases of 75 sites each, with final commissioning within 180 days and AMC support for three years.

For Creative Newtech, this engagement is strategically significant as it strengthens the Company's position in government-led digital infrastructure and smart technology deployment. It also expands Creative Newtech's presence in high-growth surveillance, AI and intelligent warehousing solutions, which are becoming increasingly relevant across logistics, public infrastructure, and institutional storage systems.

The project strengthens Creative Newtech's platform for future government and PSU opportunities., also opens a long-term path across future FCI projects, smart infrastructure, logistics and warehousing digitization, and mutually agreed international opportunities. This project adds momentum to Creative Newtech's expansion into government-led technology deployment, especially in areas such as Surveillance, AI infrastructure, intelligent monitoring, IoT, and smart warehousing.

Commenting on the partnership, Mr. Ketan Patel, Chairman & Managing Director of Creative Newtech Limited, said: "A project across 150 FCI depots is a large responsibility, especially because it supports an important part of India's food storage network. For Creative Newtech, this is a proud moment because it allows us to bring our technology experience into a system that plays an important role in India's food supply chain.

Our focus is to ensure a dependable, coordinated, and practical rollout across every site. We believe Creative Newtech can add strong value by combining planning, deployment capability, and on-ground execution, also opens a wider path for future FCI, government, PSU, smart infrastructure, logistics digitization, and mutually agreed international opportunities.

For us, this is a strong step towards larger public infrastructure technology projects."

Shares of Creative Newtech Limited was last trading in BSE at Rs. 651.50 as compared to the previous close of Rs. 668.65. The total number of shares traded during the day was 1445 in over 153 trades.

The stock hit an intraday high of Rs. 696.95 and intraday low of 628.00. The net turnover during the day was Rs. 946350.00.

Source : Equity Bulls

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