Announced Thu, 25 Jun · 10:23 IST
Onward Technologies wins Rs 33 Crore engineering services contract
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ONWARDTEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.5%1-day move
₹269.80
prior close
₹274.00
base price
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AI summary
Onward Technologies has bagged a 3 year engineering services contract worth about Rs 33 Crore from a leading global power management company. The deal involves setting up a Dedicated Offshore Development Centre to support the clients Data Center business. Work covers engineering R&D services and the counterparty is a domestic entity. No promoter or related party interest in the awarding entity.
Likely market impact
Positive: adds Rs 33 Crore revenue visibility over 3 years and gives exposure to the fast growing data center segment.