VL E-Governance touches roof on inking MoU with Ekansh Concepts
VL E-Governance & IT Solutions is currently trading at upper limit of Rs. 59.67, up by 1.17 points or 2.00% from its previous closing of Rs. 58.50 on the BSE.
The scrip opened at Rs. 59.67 and has touched a high and low of Rs. 59.67 and Rs. 59.67 respectively. So far 8116 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 197.90 on 06-Jan-2025 and a 52 week low of Rs. 30.87 on 19-Mar-2025.
Last one week high and low of the scrip stood at Rs. 59.67 and Rs. 55.14 respectively. The current market cap of the company is Rs. 647.13 crore.
The promoters holding in the company stood at 23.24%, while Institutions and Non-Institutions held 8.31% and 68.45% respectively.
VL E-Governance & IT Solutions (VL E-Governance) has signed a Memorandum of Understanding (MoU) with Ekansh Concepts, under which the company will act as the Engineering, Procurement & Construction (EPC) Partner to execute the Sankalp Industrial Smart City Project.
The Sankalp Industrial Smart City Project is strategically located at the junction of the Mumbai-Nagpur Samruddhi Mahamarg and the Delhi-Mumbai Expressway, covering 494 acres in its Phase I. With an estimated EPC contract value of around Rs 800 crore, the project is poised to become a landmark development that integrates cutting-edge industrial, residential, and logistical infrastructure
Upon the successful completion of Phase I, the project is designed to expand into Phase II (565 acres) and Phase III (901 acres), further extending its integrated industrial, residential, and logistics offerings within the extending smart city framework.
VL E-Governance & IT Solutions’ Business includes E-governance services, IT/ITES System Integration services, B2B Trading business and IT/ITES equipment trading activities. Company has been One of India’s largest e-Governance player functioning as a systems integrator and end-to-end service provider for various e-Governance projects.
