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Silver Touch Technologies Wins ₹5.12 Crore GUVNL Order
Silver Touch Technologies won a new technology-support contract from Gujarat Urja Vikas Nigam Limited.
The contract is worth ₹5.12 crore and will last one year.
The company will manage computer servers, storage equipment, and backup systems.
These systems help run GUVNL’s e-Urja platform.
Silver Touch promised to help keep applications working 99% of the time.
The company also reported stronger revenue and profits in the latest quarter.
Its EBITDA nearly doubled compared with the same period last year.
The stock has risen a lot over five years, although it has recently fallen from its record price.
Silver Touch Technologies secured a ₹5.12 crore order from Gujarat Urja Vikas Nigam Limited.
The one-year contract covers management and support for servers, storage, SAN switches, tape libraries, and backup systems.
The company will support GUVNL’s e-Urja platform with a committed 99% application-uptime service level.
Silver Touch reported Q1FY27 revenue of ₹78.02 crore, up 23.45% year over year, with EBITDA rising 89%.
The stock has gained about 725% in five years but is roughly 30% below its record high of ₹216.80.
- Who
- Silver Touch Technologies and Gujarat Urja Vikas Nigam Limited.
- What
- Silver Touch Technologies won a ₹5.12 crore, one-year contract to manage and support GUVNL’s core IT infrastructure.
- Where
- The contract supports Gujarat Urja Vikas Nigam Limited and its e-Urja platform in Gujarat, India.
- When
- The order was announced in a post-market regulatory filing on Friday, ahead of Monday, September 14; the contract runs for one year.
- Why
- The work is intended to support GUVNL’s enterprise systems and maintain application uptime of 99%.
Key facts
- Order value
- ₹5.12 crore
- Contract duration
- One year
- Customer
- Gujarat Urja Vikas Nigam Limited
- Q1FY27 revenue
- ₹78.02 crore, up 23.45% year over year
- Q1FY27 EBITDA
- ₹17.04 crore, up 89% year over year
- Q1FY27 profit after tax
- ₹10 crore, up 148% year over year
- Five-year stock return
- Approximately 725%, from ₹18.50 to ₹152.50
Quotes
Silver Touch Technologies
The company issuing the regulatory filing about the GUVNL contract
“This engagement covers the computer servers, storage systems, SAN switches, tape library, and backup architecture”
livemint.com
Sources
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