Newgen Software Technologies Limited has informed the Exchange the Company has accepted the confirmation received from a Customer to engage the Company for the delivery, implementation and Support for Loan Management System ( Project ). The aggregate commercial value of the aforesaid Project is USD 5,636,000/- (US Dollars Five Million Six Hundred Thirty-Six Thousand Only).
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Newgen Software Technologies has accepted a confirmation from eProcess International Ghana Limited to deliver, implement, and support a Loan Management System. The contract is valued at USD 5,636,000 (approximately ₹47 crore at current exchange rates) and covers software licensing, implementation, and annual support services over a 5-year period. The client is based in Ghana, making this an international engagement billed in US dollars. The company clarified that promoters and group companies have no interest in the awarding entity, and the deal is not a related-party transaction.
Positive for the company as it strengthens Newgen's international order pipeline and provides multi-year revenue visibility in the banking and financial services segment, particularly across Africa. While the deal size is moderate relative to Newgen's overall business, it reinforces demand for its loan management platform in emerging markets.