Silver Touch Technologies Secures ₹35.63 Crore Server Order from ITI Limited for Indian Army
Silver Touch Technologies received a ₹35.63 Crore order from ITI Limited for 80 enterprise servers for the Indian Army. An 8-year AMC valued at ₹14.04 Crore is possible later. The total potential value over 11 years is ₹49.67 Crore. Supply is within 6 months.
The order value is substantial and pertains to a critical sector (defense), with potential for long-term maintenance revenue, which will significantly impact the company's revenue and market position.
The company has secured a significant order from a government PSU for a defence project, indicating business growth and strategic alignment.
Silver Touch Technologies Limited has announced the receipt of a significant Purchase Order (PO) from ITI Limited, a Government of India Public Sector Undertaking. The order is for the supply of 80 high-performance enterprise servers, inclusive of a 3-year warranty, for deployment in a defence project for the Indian Army.
The PO is valued at ₹35,63,18,292.20 (₹35.63 Crore) and includes GST. Additionally, the company has the potential for an 8-year Annual Maintenance Contract (AMC) post-warranty, valued at ₹14,04,07,208.04 (₹14.04 Crore) inclusive of GST, which may be placed at a later date upon successful completion of the warranty period. The aggregate potential value over the 11-year lifecycle is approximately ₹49.67 Crore.
The order was secured through a competitive two-bid tender process followed by a reverse auction. The supply of servers is to be executed in up to 3 lots within 6 months from the date of the Purchase Order. This contract is strategically significant as it strengthens Silver Touch's position in the defence sector and reinforces its focus on Defence, Critical Infrastructure, and AI Infrastructure & Solutions.
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Silver Touch 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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