Tera Software touches the roof after its consortium secures advance work order worth Rs 5049 crore
Tera Software is currently trading at its upper limit of Rs. 194.95, up by 9.25 points or 4.98% from its previous closing of Rs. 185.70 on the BSE.
The scrip opened at Rs. 194.95 and has touched a high and low of Rs. 194.95 and Rs. 194.95 respectively. So far 6637 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 218.14 on 26-Nov-2024 and a 52 week low of Rs. 45.35 on 13-May-2024.
Last one week high and low of the scrip stood at Rs. 194.95 and Rs. 160.10 respectively. The current market cap of the company is Rs. 243.92 crore.
The promoters holding in the company stood at 47.53%, while Non-Institutions held 52.47% stake in the company.
Tera Software’s consortium led by their Partner ITI (Public Sector Undertaking, DoT) has secured an Advance Work Order (AWO) from BharatNet Project for Middle Mile Network - Phase-3 with in the States of Himachal Pradesh (Package No.8), West Bengal and Andaman & Nicobar (Package No.9), with a total worth of order value of Rs 5049 crore for Design, Supply, Construction, Installation, Upgradation, Operation and Maintenance of Middle Mile Network of BharatNet.
BharatNet Phase-3 Project is envisaged for the Development (Creation, Upgradation and Operation & Maintenance) of Middle Mile Network of BharatNet on Design Build Operate and Maintain (DBOM) Model to deliver the services to 2,50,000 Gram Panchayats. Tera Software is the company having presence in BharatNet Projects from Phase I onwards in the state of Andhra Pradesh, Phase II in Odisha successfully and now entering in to Phase III BharatNet Projects.
Tera Software founded in the year 1994 has emerged as one of India’s leading IT and ITeS players in the e-Governance Industry.
