+
Orient Technologies Wins Rs 762 Million (mn) NPCI Server Contract
ECONOMY & POLICY

Orient Technologies Wins Rs 762 Million (mn) NPCI Server Contract

Orient Technologies said it has received a purchase order worth Rs 762 million (mn), excluding Goods and Services Tax, from the National Payments Corporation of India for the supply of servers. The order includes supply of servers together with end-of-sale support and seven years of warranty support backed by the original equipment manufacturer. The domestic contract is slated for execution within 18 weeks according to the company's regulatory filing.

The company noted that the engagement does not involve any interest from the promoter, promoter group or group companies in the awarding entity and that the order does not constitute a related party transaction. The order value will be recognised as revenue as per accounting norms when delivery and obligations are completed. Orient Technologies will work with its OEM partner to fulfil long term support obligations.

Shareholders had earlier approved a bonus issue in the ratio of one for every 10 shares, the first since listing last year, and the company will effect the bonus by capitalisation of Rs 41.6 mn from the securities premium account following stock exchange approvals. Eligible shareholders will be entitled to one bonus share for every 10 shares held on the record date to be determined later. The decision was taken alongside results for the September quarter.

Orient Technologies provides data centre solutions including servers and storage, active and passive networking equipment and security and collaboration systems, as well as end-user computing and cloud and data management services including workload migration to cloud. The company also offers IT enabled services such as desktop management and mobile device management. Shares of Orient Technologies ended at Rs 259.05, up by Rs 1.95, or 0.76 per cent, on the BSE.

Orient Technologies said it has received a purchase order worth Rs 762 million (mn), excluding Goods and Services Tax, from the National Payments Corporation of India for the supply of servers. The order includes supply of servers together with end-of-sale support and seven years of warranty support backed by the original equipment manufacturer. The domestic contract is slated for execution within 18 weeks according to the company's regulatory filing. The company noted that the engagement does not involve any interest from the promoter, promoter group or group companies in the awarding entity and that the order does not constitute a related party transaction. The order value will be recognised as revenue as per accounting norms when delivery and obligations are completed. Orient Technologies will work with its OEM partner to fulfil long term support obligations. Shareholders had earlier approved a bonus issue in the ratio of one for every 10 shares, the first since listing last year, and the company will effect the bonus by capitalisation of Rs 41.6 mn from the securities premium account following stock exchange approvals. Eligible shareholders will be entitled to one bonus share for every 10 shares held on the record date to be determined later. The decision was taken alongside results for the September quarter. Orient Technologies provides data centre solutions including servers and storage, active and passive networking equipment and security and collaboration systems, as well as end-user computing and cloud and data management services including workload migration to cloud. The company also offers IT enabled services such as desktop management and mobile device management. Shares of Orient Technologies ended at Rs 259.05, up by Rs 1.95, or 0.76 per cent, on the BSE.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Saluting Engineers on Engineer’s Day!

India’s infrastructure story is often told through kilometres of highways, soaring bridges, expanding metro networks and tunnels through some of the country’s toughest terrain. Less visible are the engineering decisions behind them. A railway through the Himalayas. A bridge across Mumbai Bay. A metro system built beneath a crowded capital. A 182-m-high structural landmark. A new generation of high-speed highways. Each demanded years of design, testing, coordination and problem-solving, often in conditions where there was little room for error. This Engineers’ Day, we lo..

Next Story
Infrastructure Urban

CJI Surya Kant Calls for Preventive Justice to Avoid Infrastructure Disputes

Kant has urged the infrastructure ecosystem to design contractual and institutional frameworks that identify and address concerns early through communication and dispute-avoidance mechanisms.Chief Justice of India Surya Kant has urged India’s infrastructure ecosystem to move from retrospective justice to preventive justice, as the country undertakes projects at an unprecedented scale. Speaking at global engineering body FIDIC’s Global Infrastructure Conference 2026 in New Delhi, Kant said the true measure of a justice system’s success lies in ensuring mechanisms around infrastructure pro..

Next Story
Infrastructure Urban

Madhya Pradesh Secures Rs 530 Billion in Investment Proposals

Rupee (Rs) 530 billion (bn) in investment proposals were received by Madhya Pradesh on the third day of Chief Minister Mohan Yadav's visit to the United Arab Emirates, with major interest in green energy, artificial intelligence, data centres and advanced manufacturing. The delegation held engagements in Dubai and Sharjah to promote projects and secure commitments from global investors. State officials said the proposals represent a significant pipeline for industrial expansion and technology infrastructure. Rana Holdings Limited proposed a portfolio including a 2,000 MW solar energy project a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code