Optiemus Infracom Limited has informed the Exchange regarding a press release dated March 12, 2026, titled "Ai+ Smartphone to expand additional 3M smartphone production capacity in India with Optiemus Electronics Limited".
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Optiemus Electronics Limited (OEL), the wholly-owned subsidiary of Optiemus Infracom, has signed a manufacturing agreement with Ai+ Smartphone (Nxtquantum Shift Technologies) to produce around 3 million smartphones along with tablets, IoT devices, and advanced wearables at OEL's Noida facility. The partnership involves an investment of approximately INR 125 crore over 5 years, with production ramp-up targeted from April 2026. The deal is expected to create around 1,200 direct and indirect jobs in manufacturing, operations, and support functions. Ai+ Smartphone devices run on NxtQuantum OS, an India-built sovereign mobile operating system, and the partnership is positioned under the government's Make in India initiative. OEL already operates three manufacturing units in India, serving both domestic and global brands.
Positive for Optiemus Infracom as it expands OEL's order book, adds a credible Indian brand customer, and provides multi-year revenue visibility, though the investment is spread over 5 years which limits near-term financial impact. Shareholders should watch for execution at the Noida facility and any update on the capex phasing in coming quarters.