Silver Touch Technologies Limited has informed the Exchange regarding a "Business Update Release, titled Silver Touch Technologies Receives Purchase Order from Food Safety and Standards Authority of India (FSSAI) .".
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Silver Touch Technologies has secured a purchase order from FSSAI, a central government body under the Ministry of Health & Family Welfare, to act as a Managed Service Provider for FSSAI's digital platforms. The scope covers development of new portals and mobile apps, microservices upgrades, cloud deployment, API integrations, AI-based multilingual chatbot, 40+ TB document compression, and ongoing operations & maintenance. The company describes it as a long-term, multi-year contract, which should provide steady revenue visibility. No specific order value was disclosed in the filing.
This is a positive development for Silver Touch as it adds a prestigious central government client and strengthens its presence in large-scale e-Governance projects. Long-term managed services contracts typically improve revenue predictability, though the absence of order value limits immediate stock-price impact assessment.