Kellton Tech soars by 18 per cent

The company announced the successful implementation of Optima, a cloud-based artificial intelligent-enabled IoT platform, in the oil and gas industry. Kellton proprietary IoT Edge device Envision was used for this project. 

Optima's customizable Internet of Things (IoT) platform connects multiple wells with controllers and analog and digital sensors to Envision. This platform optimizes and predicts events and provides actionable insights and foresight to identify critical information in the Oil and Gas industry, which reduces time wasted for maintenance processes. The platform increases production upto 30 per cent.

Kellton Tech is a CMMI Level 5, ISO 9001:2015 certified IT services company headquartered in Hyderabad. The company has development centres in the United States and India. 

On Wednesday, the Kellton Tech Solutions opened at Rs. 42.20 per share and hit an intraday high of Rs. 49.40 per share. The stock closed at Rs. 48.95 per share, up by Rs. 7.45 or 17.95 per cent on BSE. The stock's 52-week high is at Rs. 84.70, while it is upper limit circuit is 20 per cent. Meanwhile, the BSE Sensex closed at 35,891.52, down by 363.05 points or 1.00 per cent.