Virtual Galaxy Infotech Partners with Konkan Railway for Digital Projects; Shares Rise 5.54%

Mumbai, June 10: Virtual Galaxy Infotech Limited (VGIL) has entered into a Memorandum of Understanding (MoU) with Konkan Railway Corporation Limited (KRCL) to jointly explore opportunities across artificial intelligence, ERP and digital transformation projects.

The company disclosed the development through an exchange filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the filing, the collaboration framework will focus on areas including Enterprise Resource Planning (ERP), Artificial Intelligence (AI), Conversational AI, cyber security solutions, digital payment systems, data analytics, smart surveillance, mobile applications, data centre and cloud services.

The proposed collaboration will target projects across government, semi-government, public sector undertakings, railway and infrastructure organisations.

VGIL said the arrangement has been structured as a framework agreement intended to facilitate joint exploration of business opportunities and does not create immediate financial obligations on either party.

Stock Market Snapshot

Virtual Galaxy Infotech share price moved sharply higher after the company announced the strategic collaboration with Konkan Railway.

The stock was trading at ₹161.90, up 5.54%, as of 10:15 IST on June 10, 2026, according to market data.

The strong move reflected investor optimism around the company’s expanding positioning in AI-led digital transformation and government technology projects.

Market participants have increasingly focused on companies involved in enterprise automation, cloud infrastructure and public sector digital modernisation initiatives.

Collaboration To Focus on AI And Railway Digitisation

The MoU outlines a broad cooperation framework between KRCL and VGIL to jointly pursue opportunities in emerging technology-led infrastructure projects.

Apart from AI and ERP solutions, the agreement also covers workflow automation, core banking solutions, cybersecurity infrastructure and digital payment technologies.

The company said the collaboration aims to support digital transformation initiatives across railway and public infrastructure ecosystems, where demand for automation and integrated technology systems has been rising steadily.

According to the filing, the agreement will remain valid for two years and may be extended further through mutual consent.

No Immediate Financial Commitment Under MoU

VGIL clarified that the MoU is non-binding in nature except for specifically agreed obligations linked to future projects or services.

Commercial terms, fees and project-specific agreements, if any, will be negotiated separately between the parties at a later stage.

The company also confirmed that promoter and promoter group entities do not have any interest in KRCL and the arrangement does not fall within related party transactions.

Source:

• https://www.nseindia.com/get-quote/equity/VGINFOTECH/Virtual-Galaxy-Infotech-Limited
• https://nsearchives.nseindia.com/corporate/VIRTUAL_09062026145424_Intimation_to_NSE_-_MoU_with_Konkan_Railway_Corp_Ltd.pdf