XTGlobal Infotech Limited saw its shares skyrocket to a 20% upper circuit on Thursday, February 26, 2026, reaching a price of 33.63 INR on the National Stock Exchange. This massive surge follows the announcement that the company’s U.S. subsidiary, XTGlobal Inc., secured a strategic contract from the Texas Department of Transportation. The six-month engagement, which begins on March 16, 2026, is valued at approximately 796,900 USD, or roughly 7.2 crore INR. This project focuses on transitioning an internal Artificial Intelligence Proof of Concept into a production-ready solution. Key deliverables include AI-driven document generation, compliance automation, and cloud-native deployment to enhance engineering productivity for the U.S. public sector. Managing Director Ramarao Atchuta Mullapudi highlighted that this win strengthens the company's transportation vertical and validates its expertise in high-end AI engineering. The contract also carries the potential for a six-month extension, providing further revenue visibility for the upcoming fiscal year. Market performance for XTGlobal has been notably strong today, with the stock opening at 30.00 INR and quickly hitting the 33.63 INR limit. This move significantly outperformed the broader Nifty IT index, which rose by 0.89%, and the Sensex, which gained 0.17% to reach 82,418.78. Recent financial data underscores a period of rapid growth for the firm. In its Q3 FY26 results for the quarter ending December 2025, XTGlobal reported a 93.7% year-on-year increase in consolidated revenue, reaching 94.41 crore INR. Net profit for the same period climbed to 3.70 crore INR, supported by the integration of Network Objects Inc. The broader Indian IT landscape is currently riding an AI-driven momentum, with the sector expected to contribute nearly 10% to the national GDP by 2026. Experts note that mid-sized firms like XTGlobal are increasingly capturing specialized contracts as global agencies move from AI experimentation to full-scale implementation. Investor interest remains high as the company also recently disclosed a term sheet for a potential acquisition in the U.S. IT services sector. This move aligns with its broader strategy to scale its international footprint and deepen its specialized service offerings in engineering and intelligent automation.