Silver Touch wins Rs 6.28 cr AI platform order from RITES
SILVERTUC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Silver Touch Technologies won a Rs 6.28 crore order from RITES Limited, a Navratna government enterprise, to build PARAKH, an AI-based Detailed Project Report appraisal platform. The 24-month contract covers designing and deploying India's first self-hosted, multi-model AI platform for appraising railway, highway, port, and metro projects. The order was secured through the Government e-Marketplace portal via competitive bidding. No promoter or related party interest exists in the awarding entity.
Strategic order positioning Silver Touch as an AI-native platform player in government infrastructure. Modest order size but opens potential for larger follow-on contracts.