Announced Thu, 25 Jun · 09:57 IST
Onward Technologies wins 33 Crore engineering services contract
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ONWARDTEC · price
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Price reaction · full curve 14 horizons · vs prior close
+5.5%1-day move
₹269.80
prior close
₹269.40
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AI summary
Onward Technologies has bagged a 3-year engineering services contract worth about 33 Crore from a leading domestic power management company. The deal involves setting up a Dedicated Offshore Development Centre to support the client's Data Center segment with R&D work. The contract is classified as a domestic order, with no related party interest.
Likely market impact
New 3-year contract boosts revenue visibility and strengthens presence in the fast-growing data center R&D space.