Announcement under regulation 30 (LODR)
ACSTECH · price
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Awaiting price reaction for this filing.
ACS Technologies has received a work order valued at Rs. 14.44 crore (Fourteen Crore Forty-Four Lakh Thirty-Two Thousand) from Redbay Technologies Private Limited, a domestic entity. The project involves setting up a network of control points, conducting drone and utility surveys, and digitising maps in the Amaravati capital region area. It also covers developing web and mobile applications with BHIM UPI and RuPay support for a 1-million-user base, plus hardware and server infrastructure with 5 PB of storage. The order is not a related party transaction, and no promoter group interest was disclosed.
This new order adds to ACS Technologies' order book and gives revenue visibility, though exact execution timelines and margins were not shared. Investors should watch for further updates on project execution and whether such orders continue at this scale.