Newgen Software Technologies, a leading provider of digital transformation solutions, has announced the receipt and acceptance of a significant Purchase Order for the provision of implementation and support services. The total value of the purchase order stands at an impressive INR 12,91,80,045.
Key Details of the Purchase Order
As per the guidelines outlined in Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Newgen Software Technologies has disclosed the following information regarding the purchase order:
- Awarded By:
- The contract has been awarded by a domestic entity, underscoring the company’s strong presence in the Indian market.
- Contract Duration:
- The duration of the contract is set for a period of 6 years, demonstrating the long-term trust and commitment placed by the awarding entity in Newgen Software Technologies’ capabilities.
- Promoter’s Interest:
- Newgen has confirmed that there is no interest from the promoter group or related entities in the awarding organization. This ensures complete transparency in the agreement process.
In the meantime, Newgen Software’s stock opened at ₹1,060.00, slightly higher than the previous close of ₹1,048.15. The stock saw a low of ₹1,050.00 and reached a high of ₹1,111.00 during the day. Over the past year, it has fluctuated between a 52-week low of ₹676.05 and a high of ₹1,798.90.
