Global Space Technologies Ltd enters into MoU with Powerhouse Technology Pty Ltd

Global Space Technologies Limited ("GSTL") has entered into a Memorandum of Understanding ("MoU") with Powerhouse Technology Pty Ltd (trading as MOD3RN Care, and MOD3RN Care (India), hereinafter referred to as "MOD3RN Care") on February 18, 2025.

The MoU pertains to participation in the Maharashtra Government's Cardiovascular Disease (CVD) Screening Program involving AI and Digital technologies. The comprehensive solution is developed by integrating an AI platform with GE Healthcare hardware to facilitate mass screening. MOD3RN Care, along with Globalspace and GE Healthcare, will jointly bid for the project, which is expected to be valued at approximately USD 400 Million (~ INR 3,500 Crores).

This strategic collaboration is expected to positively impact the Company's growth and financial performance in future by enabling entry into digital health and AI-driven mass screening solutions.

Shares of Globalspace Technologies Ltd was last trading in BSE at Rs. 14.99 as compared to the previous close of Rs. 15.51. The total number of shares traded during the day was 12678 in over 89 trades.

The stock hit an intraday high of Rs. 15.50 and intraday low of 14.75. The net turnover during the day was Rs. 192778.00.

Source : Equity Bulls

Keywords

GlobalspaceTechnologies INE632W01016 MoU PowerhouseTechnology MOD3RNCare