3i Infotech Secures Additional Order from Leading Bank, Boosting Engagement Value
3i Infotech Limited has secured an additional purchase order valued at approximately Rs. 3.32 crores exclusive of applicable taxes from a leading private sector bank in India. This new contract forms part of a broader renewed engagement that the company holds with the financial institution.The service contract covers development, enhancement, and engineering services and is set for a duration of one year, starting from April 1, 2026, and ending on March 31, 2027. The purchase order itself was dated August 1, 2026.
This new deal represents an increase in the overall scope of work with the bank. Including the orders reported previously, the total value of the engagements from this entity stands at Rs. 16.43 crores.
The engagement details provided by 3i Infotech confirm that the awarding entity is a domestic private sector bank. The contract does not fall under related party transactions and there is no interest held by the company's promoters or promoter group in the awarding institution.
Financial summary of the engagement:
| Particular | Detail |
|---|---|
| Client Entity | Leading private sector bank in India |
| Nature of Engagement | Development, enhancement, and engineering services |
| Order Period | One year (April 1, 2026, to March 31, 2027) |
| New Order Value | Approx Rs. 3.32 crores (exclusive of applicable taxes) |
| Total Order Value | Rs. 16.43 crores |
3IINFOLTD Stock Price Movement
On Friday, shares of 3i Infotech Limited rallied, closing at ₹23.21 after gaining 2.92% in session. The stock saw significant market interest, with over 1.59 million shares traded during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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