Silver Touch Technologies Secures ₹5.12 Crore IT Support Contract from GUVNL
Silver Touch Technologies secured a contract from Gujarat Urja Vikas Nigam Limited (GUVNL) for IT infrastructure management and support. The contract is valued at ₹5.12 crore and has a tenure of 12 months. It covers servers, storage, and backup architecture, aiming for 99% uptime.
The contract value of ₹5.12 crore, while significant, represents a moderate addition to the company's overall business, impacting its revenue and market position positively but not drastically.
The announcement details a new contract win for Silver Touch Technologies, which is a positive development for the company's business and revenue prospects.
Silver Touch Technologies Limited has been engaged by Gujarat Urja Vikas Nigam Limited (GUVNL) to provide comprehensive management and OEM-authorised support for the core IT infrastructure underpinning GUVNL's enterprise systems. This domestic contract, valued at ₹5,12,34,996, covers computer servers, storage systems, SAN-Switches, Tape Library, and backup architecture.
The engagement involves ensuring application uptime services with a 99% SLA for GUVNL's e-Urja platform, which connects the state's electricity generation, transmission, and distribution utilities serving over a crore consumers. This reinforces Silver Touch's role as a technology partner for critical government infrastructure.
The strategic significance of this contract lies in deepening the company's presence in the Power & Energy sector, ensuring critical infrastructure reliability, and supporting the digital transformation of public sector enterprises. This aligns with Silver Touch's strategy of expanding into infrastructure management and managed services for sectors where uptime and reliability are paramount. The contract is to be executed within 12 months.
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