Orient Technologies bags ₹30.81 crore AMC order from New India Assurance
The order value of ₹30.81 crore over three years represents a significant revenue stream and enhances the company's capabilities and market presence in a core service domain.
The company secured a substantial three-year Annual Maintenance Contract worth ₹30.81 crore from a major client, indicating new revenue and strengthening its market position in managed services.
* Orient Technologies Limited has been awarded a Purchase Order from The New India Assurance Company Limited. * The order is for an Annual Maintenance Contract (AMC) of Network, Backup and Storage Devices at NIA Data Centres. * The estimated value of this engagement is approximately ₹30,81,18,999/- (Rupees Thirty Crore Eighty-One Lakh Eighteen Thousand Nine Hundred and Ninety-Nine Only), inclusive of GST. * This contract is spread over a period of three (3) years. * The company stated that this order strengthens its position in delivering Managed Services for Network, Backup, and Storage infrastructure.
What to do with a filing like this
Orient Technologies Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Orient Technologies Limited. Read the original for the full detail.