Order secured by Creative Newtech Limited from the Food Corporation of India (FCI), valued at Rs. 35.89 crore, for the FCI Smart Warehousing Project across 150 depots.
CNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.9 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Creative Newtech Limited has secured a Rs. 35.89 crore order from the Food Corporation of India (FCI) for its Smart Warehousing Project covering 150 depots across India. The project is part of the Government of India's supply chain modernization initiative and involves deploying IoT-based systems, AI surveillance, intelligent monitoring, sensor modules, bag counting systems, and smart warehouse technology. The company will execute the project in two phases of 75 sites each, with final commissioning within 180 days and three years of AMC support. Creative Newtech will leverage its government domain experience, 31 offices, and supply partner ecosystem for deployment. The management called this a strategic win that strengthens the company's position in government-led digital infrastructure and opens paths to future FCI, PSU, and smart infrastructure opportunities.
This is a significant contract win for Creative Newtech, positioning the company in the growing government-led smart infrastructure and surveillance technology space. The order should provide revenue visibility over the next 180 days and beyond through AMC support, though the actual financial impact depends on the company's total revenue size.