Onward Technologies Secures ₹ 33 Crore Contract for Global Power Management Firm
Onward Technologies Limited has secured a significant engineering services contract with a leading global power management company. The agreement, valued at approximately ₹ 33 Crore, spans a three-year period. This strategic contract involves establishing a Dedicated Offshore Development Centre (ODC) to support the client's Data Center Segment/Business Unit and facilitate faster execution of their requirements.The engagement falls under the category of Engineering Research & Development Services. The successful execution of this project is set to solidify Onward Technologies’ role in advanced technological development for global industry leaders.
Details concerning the contract, including the scope and tenure, are as follows:
| Detail | Information |
|---|---|
| Entity Awarding Contract | Leading global power management company |
| Nature of Order/Contract | Engineering Research & Development Services |
| Duration | 3 years |
| Aggregate Contract Value | Approximately ₹ 33 Crore |
| Promotional Interest | No interest from the Promoter or Promoter Group |
| Related Party Status | Not Applicable |
ONWARDTEC Stock Price Movement
As of 9:58 AM, shares of Onward Technologies Limited are edging higher to ₹269.35, reflecting a gain of 0.35% or ₹0.95 in live trading. The stock continues its momentum, with the intraday range established between ₹268.05 and ₹273.75 amidst a traded volume of 34,242 shares.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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