Orient Technologies Limited Wins ₹76 Crore Purchase Order from National Payments Corporation of India
Orient Technologies Limited has secured a significant domestic purchase order from the National Payments Corporation of India (NPCI) for the supply of servers, bolstering its position in the enterprise infrastructure solutions market. The engagement, valued at approximately ₹76,20,00,000/- exclusive of GST, was confirmed by the company.The contract involves supplying servers to NPCI, a domestic entity. A key aspect of this order is that it includes End of Sale support along with 7 years of warranty and back to back support from OEM (Original Equipment Manufacturer).
This substantial order falls under the category of a Purchase Order for the supply of Servers and has been awarded to Orient Technologies Limited. The company is set to execute the contract within a period of 18 weeks.
Details regarding this domestic transaction are summarized below:
| Particular | Detail |
|---|---|
| Name of awarding entity | National Payments Corporation of India |
| Nature of order | Purchase Order for supply of Servers |
| Value of order | ₹76,20,00,000/- (Rupees Seventy-Six Crores and Twenty Lakhs Only) |
| Scope of work | Supply of servers with End of Sale support and 7 years warranty support with back to back support of OEM |
| Execution timeline | 18 Weeks |
The receipt of this order further solidifies Orient Technologies Limited’s capabilities in the IT infrastructure domain, reinforcing its standing in delivering large-scale technology projects. The company noted that there is no interest of the promoter or promoter group companies in the entity awarding the order.
ORIENTTECH Stock Price Movement
Orient Technologies Limited shares edged higher on Friday, closing at ₹258.78 after gaining 0.52% in the session. The stock traded for a volume of 82,147 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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