Creative Newtech Limited Clarifies FCI Order Details, Value Remains ₹35.89 Crore
Creative Newtech Limited provides an addendum clarifying an order from Food Corporation of India (FCI) for the FCI Smart Warehousing Project. The order is valued at ₹35.89 crore and covers 150 depots. The scope includes surveillance and AI-based smart warehousing infrastructure with final commissioning within 180 days and three years of AMC support.
The order is significant for the company, involving a substantial value of ₹35.89 crore and a strategic project for a government entity. Clarification of details can positively impact investor confidence.
The announcement is a clarification and addendum to a previous disclosure, providing additional details in the prescribed format without changing the material terms of the order. Hence, the sentiment is neutral.
Creative Newtech Limited has issued an addendum to its corporate announcement dated 12th May 2026, providing revised disclosure details regarding an order secured from the Food Corporation of India (FCI).
The order, valued at ₹35.89 crore, is for the FCI Smart Warehousing Project, encompassing 150 depots across India. The scope of work involves the deployment of surveillance and AI-based smart warehousing infrastructure, including sensor modules, bag counting systems, boom barriers, gateway infrastructure, software platforms, and AI-driven intelligent monitoring systems.
The project will be executed in two phases, with 75 sites in each phase, and is slated for final commissioning within 180 days. Following commissioning, Creative Newtech Limited will provide AMC support for three years. The company clarified that the earlier announcement inadvertently missed providing the order details in the prescribed format, and this addendum is solely for rectifying that omission. There is no change in the order's value, scope, nature, or timeline.
The company confirmed that its promoter/promoter group/group companies do not have any interest in the Food Corporation of India, and the order does not fall within related party transactions. The original announcement and media release, providing broad details of the project, its implementation timeline, and strategic importance, remain unchanged.
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Creative Newtech Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Creative Newtech Limited. Read the original for the full detail.