Announced Mon, 20 Jul · 19:59 IST
EQUIPPP inks Telangana MoU for 119 foundations, appoints new director
Management Changes View source PDF
EQUIPPP · price
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Price reaction · full curve 14 horizons · vs prior close
-1.6%1-day move
₹24.40
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AI summary
Equippp Social Impact Technologies signed an MoU with Telangana State Legislature Secretariat to build, operate, and transfer 119 Constituency Development and Sustainability Bridge Foundations. The Board also approved a Project Management Office and appointed Mr Vegendla Srinivasa Rao, former Chief Digital Officer of Tech Mahindra with prior stints at TCS, Infosys, and Satyam, as additional non-executive non-independent director who will also lead the PMO.
Likely market impact
Opens a new public-private partnership revenue pipeline; experienced IT leader brought in to drive execution of the pilot project.