Tera Software Limited has informed the Exchange about Awarding of order(s)/contract(s)
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Tera Software Limited has received Letters of Award (LOAs) worth Rs. 58.12 Crores from West Bengal State Electricity Distribution Company Limited (WBSEDCL) for implementing spot billing systems at customer care centres across five zones in West Bengal — Kolkata (Rs. 40.64 Cr), Midnapore (Rs. 10.27 Cr), Burdwan (Rs. 4.97 Cr), Siliguri (Rs. 1.51 Cr), and Berhampore (Rs. 0.73 Cr). The work involves spot billing for medium and low voltage domestic and commercial consumers with connected load below 50 KVA. The contracts are to be executed over a period of three years. WBSEDCL is a state government-owned electricity distribution utility.
This is a significant new order win for Tera Software, providing multi-year revenue visibility from a state government PSU client. The order strengthens the company's order book and is likely to be viewed positively by investors, though execution risks over the three-year period remain.