CWD moves up on securing Rs 87.53 crore order from India Post Payments Bank
CWD is currently trading at Rs. 314.00, up by 2.70 points or 0.87% from its previous closing of Rs. 311.30 on the BSE.
The scrip opened at Rs. 317.00 and has touched a high and low of Rs. 317.90 and Rs. 303.00 respectively. So far 20000 shares were traded on the counter.
The BSE group 'MS' stock of face value Rs. 10 has touched a 52 week high of Rs. 425.00 on 05-Jan-2026 and a 52 week low of Rs. 254.00 on 19-Feb-2026.
Last one week high and low of the scrip stood at Rs. 317.90 and Rs. 301.00 respectively. The current market cap of the company is Rs. 702.59 crore.
The promoters holding in the company stood at 58.77%, while Institutions and Non-Institutions held 0.29% and 40.94% respectively.
CWD has received purchase order worth Rs 87.53 crore (inclusive of tax) from India Post Payments Bank. The mandate covers the end-to-end design, manufacturing and deployment of IoT-enabled payment soundboxes, along with the integration of CWD's proprietary digital payment platform, and provides a potential deployment opportunity of up to 33 lakh devices over the next three years. This award marks CWD’s entry into largescale supply to a Government of India department, supporting the Government’s objectives on financial inclusion and a less-cash economy.
CWD will manufacture and sell approximately 5.3 lakh voice-enabled payment soundboxes across India Post Payments Bank's network over the next six months. Deliveries will be made in phases over the contract period, in line with India Post’s rollout schedule. The initial deployment establishes a platform for future expansion. Based on the customer's long-term deployment roadmap, the engagement has the potential to scale to around 33 lakh soundboxes over the next three years, representing a around 6x expansion opportunity from the initial order.
The agreement includes a comprehensive three-year Service & Maintenance (S&M) contract, providing recurring revenue visibility through ongoing software, platform, and maintenance services, along with associated warranty and after-sales support obligations. The physical production will be executed at CWD’s newly expanded 55,000 sq. ft. state-of-the-art manufacturing facility in Mysore, which has recently tripled its daily soundbox production capacity.
