Vedavaag Systems shines on securing order worth Rs 72 crore
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Vedavaag Systems is currently trading at Rs. 55.90, up by 5.00 points or 9.82% from its previous closing of Rs. 50.90 on the BSE.
The scrip opened at Rs. 56.50 and has touched a high and low of Rs. 60.80 and Rs. 54.50 respectively. So far 785330 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 64.50 on 13-Sep-2022 and a 52 week low of Rs. 36.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 60.80 and Rs. 41.10 respectively. The current market cap of the company is Rs. 130.44 crore.
The promoters holding in the company stood at 35.98%, while Non-Institutions held 64.02% stake in the company.
Vedavaag Systems has secured an order worth around Rs 72 crore for implementation of SITCM of IP Based Video Surveillance Systems (VSS) covering 1002 railway stations under Western Region of Railways from IRIS Global Services, New Delhi.
The company has entered into a Memorandum of Understanding (MoU) with IRIS Global Services, New Delhi for implementation of IP based VSS. The project scope includes ‘Supply, Installation, Testing, Commissioning, integration with existing VSS infra, operation and maintenance (SITCM) of IP based VSS at D&E category railway stations of Western Region. IRIS Global has secured the order from RAILTEL Corporation of India.
The project envisages installation of CCTV cameras in 1002 railway stations of D & E category spread across the states - Madhya Pradesh, Maharashtra, Gujarat, Karnataka, Chhattisgarh, Rajasthan and Uttar Pradesh states.
Vedavaag Systems is a niche player of e-governance solutions and citizen services infrastructure management. The company offers E-Governance Solutions, Knowledge Center Solutions, Citizen Service Delivery, New Services e-Integration.
