Orient Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
ORIENTTECH · price
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Awaiting price reaction for this filing.
Orient Technologies has bagged a Purchase Order from The New India Assurance Company Limited (NIA), a public sector insurance company, for the Annual Maintenance Contract (AMC) of Network, Backup and Storage Devices at NIA Data Centres. The estimated value of the engagement is approximately ₹30.81 crore (inclusive of GST), spread over a period of three years — which works out to roughly ₹10.27 crore per year. The company highlights that this order strengthens its position in delivering managed services for network, backup, and storage infrastructure, reinforcing its capabilities in the services domain.
This is a positive development, providing multi-year revenue visibility from a reputed government PSU client and reinforcing Orient Tech's credentials in the managed IT infrastructure services space. For shareholders, it signals business momentum and adds to order book strength, though investors should weigh the contract size against the company's overall revenue base to gauge materiality.