Silver Touch Technologies Secures ₹5.05 Crore Order from Gujarat Energy Ltd.
Silver Touch Technologies Limited received a ₹5.05 Crore order from Gujarat Energy Limited for IT Facility Management Services. The three-year contract begins October 1, 2026, and ends September 30, 2029. This order strengthens the company's position in the power and energy sector.
The order value of ₹5.05 Crore is a significant addition to the company's order book and revenue stream, but it is not transformative for a listed entity.
The company has secured a new order, which is generally positive for business growth and revenue.
Silver Touch Technologies Limited has announced the receipt of a significant Purchase Order from Gujarat Energy Limited (GEL), a Government of Gujarat undertaking. The order is for Critical Infrastructure Management Services, encompassing comprehensive IT Facility Management Services and End User Support across GEL's various locations.
The contract, awarded through a competitive e-tender process, is valued at ₹5,05,50,050 (Rupees Five Crore Five Lakh Fifty Thousand and Fifty Only), exclusive of applicable taxes and duties. The duration of this contract is three years, commencing from October 1, 2026, and concluding on September 30, 2029.
This order signifies a strategic advancement for Silver Touch Technologies, deepening its involvement in Critical Infrastructure Management within the power and energy sector. It extends the company's role from project delivery to providing sustained, multi-year operational support for a state energy utility, reinforcing its commitment to the utility sector and building upon its existing track record with Government/PSU technology engagements in Gujarat. GEL is not a related party to Silver Touch Technologies, and this transaction is not a related party transaction.
What to do with a filing like this
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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Silver Touch Technologies Limited. Read the original for the full detail.