PRESS RELEASE

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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AI summary

Euphoria Infotech (India) Limited has secured a new order valued at Rs. 1,783.14 lakhs (approximately Rs. 17.83 crores) from Webel Technology Limited, which is a nodal agency of the Government of West Bengal for IT and ITes implementation. The project involves setting up an IoT-Enabled Water Service Delivery Measurement and Monitoring Sensing System across various rural Piped Water Supply Schemes (PWSS) in Murshidabad district, under the Public Health Engineering (PHE) Directorate. The company will handle end-to-end implementation of the IoT sensing system as part of this engagement.

Likely market impact

This is a positive development for shareholders as it adds meaningful revenue visibility through a government-backed order, enhancing the company's order book and credibility in IoT-based public infrastructure projects. For a small-cap BSE-listed firm, an order of this scale from a state government nodal agency signals strengthening business momentum.