3i Infotech shines on bagging multi-year contract worth Rs 51 crore from HPCL
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3I Infotech is currently trading at Rs. 43.30, up by 1.40 points or 3.34% from its previous closing of Rs. 41.90 on the BSE.
The scrip opened at Rs. 43.80 and has touched a high and low of Rs. 43.95 and Rs. 43.50 respectively. So far 11934 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.40 on 16-Dec-2021 and a 52 week low of Rs. 37.50 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 44.00 and Rs. 41.70 respectively. The current market cap of the company is Rs. 705.56 crore.
The Institutions and Non-Institutions held 11.34% and 88.67% stake respectively in the company.
3i Infotech has received a multi-year contract from Indian state refiner Hindustan Petroleum Corporation (HPCL). The order value is pegged at approximately Rs 51 crore (including taxes) over the tenure of 3 years. HPCL has been a longstanding customer of 3i Infotech, with the company serving them primarily in North India. However, under the new contract, the remit would include
3i Infotech taking its service across the country including all HPCL locations and datacenters. Overall, they will manage and support the IT Infrastructure of HPCL, to include offices, refinery, and retail units in over 70 circles across Pan-India. 3i Infotech will look to strengthen their presence in India and in the Oil and Natural Energy sector.
3i Infotech is a global Information Technology company which provides technology solutions to over 1500 customers in more than 50 countries across 5 continents, spanning a range of verticals.
