Multibagger small-cap stock Silver Touch Technologies is likely to be on investors' radar on Monday, September 14, after the company announced a fresh order win. In a post-market regulatory filing on Friday, the company said it had secured an order from Gujarat Urja Vikas Nigam Limited (GUVNL).
The order is for providing comprehensive management and support for computer servers, storage systems, SAN switches, tape libraries, and backup architecture for a period of one year. The contract is worth ₹5.12 crore, according to the regulatory filing.
"This engagement covers the computer servers, storage systems, SAN switches, tape library, and backup architecture with Silver Touch committed to ensuring application uptime services at a 99% SLA that empower GUVNL's e-Urja platform, the ERP backbone connecting the state's electricity generation, transmission, and distribution utilities, and serving over a crore consumers," the company said in its filing.
Silver Touch Technologies has been engaged by Gujarat Urja Vikas Nigam Limited—the Government of Gujarat's holding company overseeing the generation, transmission, and distribution of power across Gujarat under the state's Energy and Petrochemicals Department—to provide comprehensive management and OEM-authorised support for the core IT infrastructure underpinning GUVNL's enterprise systems.
The order win comes as Silver Touch Technologies continues to execute on a marquee government portfolio spanning the Indian Navy, the Ministry of External Affairs, the Airports Authority of India, AIIMS New Delhi, and multiple state e-governance programs.