Sattrix Secures Significant Contract for Managed Security Services from Leading Public Sector Bank
Sattrix Information Security Ltd has secured a substantial contract providing managed security services for a leading public sector banking institution in India. The agreement outlines the scope and terms of service for cyber security defence center operations.
The newly awarded contract, which is domestically based, covers the provision of Managed Security Services for the bank's cyber security defence center. Sattrix Information Security Ltd has been entrusted with this role by one of India's premier public sector banking institutions.
The financial details of the order indicate a total contract size valued at 9,30,00,000.00. The execution timeline for the services spans a total duration of three years.
Key aspects of the contract include:
- Client: A leading public sector banking institution in India.
- Service: Managed Security Services specifically for a cyber security defence center.
- Contract Value: 9,30,00,000.00.
- Duration: Three years.
The transaction has been structured such that the promoter or promoter group holds no interest in the entity that awarded the contract, and the order does not constitute a related party transaction.
Stock Price Movement
As of 11:22, Sattrix Information Security Ltd is edging higher at ₹354.75, climbing 4.69% in trading today. The shares have seen movement throughout the session, oscillating between an intraday low of ₹344.95 and a high of ₹354.75.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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