Announced Thu, 6 Aug · 15:24 IST
CWD wins Rs 87.53 Cr order from India Post Payments Bank
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.5%1-day move
₹309.80
prior close
₹308.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
CWD Limited received a purchase order worth Rs 87.53 crores (inclusive of tax) from India Post Payments Bank, a Government of India entity. The order covers supply of about 5.29 lakh IoT payment soundboxes plus integration with CWD's proprietary payment platform. Hardware rollout is targeted over 6 months, backed by a 3-year service and maintenance contract for recurring revenue. Manufacturing at CWD's Mysore facility. Potential scale-up to about 33 lakh devices over 3 years.
Likely market impact
Big government order with 3-year recurring service revenue and potential 6x expansion. Positive for growth and entry into government supplies.