Newgen Software Technologies Limited ( the Company ) has received and accepted a purchase order from a Customer for Supply, Installation, Customization and Maintenance of Digital Lending Platform. The aggregate commercial value of the aforesaid order is ₹ 16.53 Cr (Rupees Sixteen Crore and Fifty-Three Lakh).
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Newgen Software Technologies has received and accepted a purchase order from a customer for the supply, installation, customization and maintenance of a Digital Lending Platform. The total value of the order is ₹16.53 Crore (approximately ₹165.3 million). The customer has not been named in the announcement. This is a single order win within the company's regular line of business of providing software platforms to financial services clients.
This is a positive new order win that adds to the company's order book, though the customer identity is undisclosed and the size is moderate relative to typical large software platform deals. Investors should monitor for further disclosures or quarterly results to gauge the revenue contribution.