Olatech Solutions shines on bagging work order from HFCL
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Olatech Solutions is currently trading at Rs. 86.50, up by 1.80 points or 2.13% from its previous closing of Rs. 84.70 on the BSE.
The scrip opened at Rs. 89.90 and has touched a high and low of Rs. 89.90 and Rs. 85.55 respectively. So far 8000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.20 on 07-Nov-2022 and a 52 week low of Rs. 51.30 on 29-Aug-2022.
Last one week high and low of the scrip stood at Rs. 91.00 and Rs. 77.20 respectively. The current market cap of the company is Rs. 20.24 crore.
The promoters holding in the company stood at 64.48%, while Non-Institutions held 35.52% stake in the compnay.
Olatech Solutions has received a work order from HFCL to supply software and provide related services including installation, commissioning and customization of the supplied software for a tender floated by Bharat Sanchar Nigam (BSNL) for upgradation of its Broadband Network for which HFCL was awarded the contract as the Lead Bidder/System Integrator and Olatech Solutions was the OEM for supplying software and providing related services.
The work order will be for a period of 18 months with an aggregate value of Rs 4.91 crore plus applicable taxes only. A separate work order will be issued for AMC of 8 years with an aggregate value of Rs 2.34 crore plus applicable taxes only.
Olatech Solutions is engaged in the business of Data Centre, Enterprise, Telecom and IT Software solutions in the OSS - BSS (Operations Support System and Business Support System) segment.
