Xtglobal Infotech Ltd Secures Order from U.S. State Transportation Agency
Xtglobal Infotech Limited's U.S. subsidiary, XTGlobal Inc., has secured a contract with the U.S. State Transportation Agency. The agreement involves an 'Internal eForms modernization program leveraging Adobe Experience Manager (AEM).'The work order covers a period of approximately 14 months. The maximum payable amount under this work order is specified as USD $1.59 Million, which is approximately INR 14.8 Crores.
Contract Details and Scope
The scope of the contract includes the modernization of internal eForms utilizing Adobe Experience Manager (AEM). Key components of the work involve:- Migration and redevelopment of over 230 enterprise forms into AEM Adaptive Forms.
- Integration with internal systems and enterprise workflows.
- Implementation of accessibility standards compliant with WCAG guidelines.
- Delivery through a structured, milestone-driven Agile process featuring defined validation cycles.
- Deployment, stabilization, and transition into an operational support model.
The awarding entity for the order is identified as a U.S. based State Transportation Agency. Since the work order is executed with XTGlobal Inc., USA, this is categorized as an international contract with the U.S. Government entity.
Transaction Summary
The core financial and timeline details associated with this order are presented below for clarity.| Particulars | Detail |
|---|---|
| Name of Awarding Agency | U.S. based State Transportation Agency |
| Contract Size (Maximum Payable) | USD $1.59 Million (approximately INR 14.8 Crores) |
| Time Period | Approximately 14 Months |
| Order Status | International (U.S. Government entity) |
The company confirmed that there is no promoter or promoter group interest in the entity that awarded the order. Furthermore, the transaction was noted as not falling within related party transactions and was confirmed to be in the normal course of business.
XTGLOBAL Stock Price Movement
Today, Xtglobal Infotech Limited shares gained 2.87% to settle at ₹29.09 in post-market trading. The stock saw 111,193 shares traded today, pushing it up from its previous close of ₹28.58.Source:
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