SGL Resources Ltd Secures Rs. 8.43 Crore Order from Jamnagar Municipal Corporation
SGL Resources Limited has secured a contract valued at Rs. 8.43 Crore, following an order from the Jamnagar Municipal Corporation Project and Planning Branch. The contract is for the supply of a Specially enabled web Portal using the Latest Technology.The newly awarded contract falls under the category of purchasing software and applications. According to the details, the order is domestic in nature and is expected to be executed within a period of two years.
The transaction details confirm that the total consideration for the order is Rs. 8.43 Crore. Furthermore, SGL Resources Limited confirmed that the awarding entity has no interest in the company's promoter or promoter group. The order does not constitute a related party transaction.
The company, which operates in the software and technology sector, was formerly known as Scanpoint Geomatics Limited.
Stock Price Movement
SGL Resources Ltd shares settled at ₹3.38 on Friday, ticking up a solid 4.64% in post-market trading. Throughout the session, the stock moved between an intraday low of ₹3.07 and a peak of ₹3.39.Source:
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