Veritas: Veritas Reaches 52-Week High on BMC Consortium’s Rs 155.85 Crore Order
The Veritas company joint venture with Genesys international corporation gets the order of 155.85 Cr from Brihan Mumbai municipal corporation for making development, maintenance of 3D model using Geospatial technology.
Veritas (India) Soars to 52-Week High on BMC’s Rs 155.85 Crore Order
VERITAS LTD Market price has broken box pattern in upside
Veritas (India) saw its share price hit the upper circuit, reaching a 52-week high of Rs 950.55 in early trade on March 19, following the company’s receipt of a Rs 155.85-crore order from the Brihanmumbai Municipal Corporation (BMC).
At 9:40 am, Veritas was trading at Rs 950.55, up Rs 18.60 or 2 percent on the BSE, with pending buy orders of 31,115 shares and no sellers available.
The company, in consortium with Genesys International Corporation Limited, announced receiving a Letter of Acceptance from BMC for the development, implementation, and maintenance of a 3D City model and change detection using Geospatial Technology for BMC.
Veritas will hold an Extraordinary General Meeting (EGM) on March 21 through video conference and other audio-visual means.
The Sonata software signed the Go to Market, like to end to end deal for IT Services provider, cloud services for 5 year agreement with Zones. Zones and Sonata doing innovative cost efficiency digital transformation to customers and also tie up with European clients.
Sonata Software Shares Surge Over 3% on Partnership Deal
SONATA SOFTWARE Market Price has broken uptrend line in downside
Sonata Software witnessed a more than 3 percent increase in its share price during the opening trade on March 19, following the signing of a joint Go-to-Market agreement with an end-to-end IT solutions and cloud-managed services provider.
At 09:28 am, Sonata Software was trading at Rs 749.50, up Rs 5.30 or 0.71 percent, on the BSE.
Under the five-year partnership, Zones and Sonata Software will collaborate to enhance cost efficiency and data optimization through joint offerings and delivery of industry-specific solutions.
Sonata Software, leveraging its extensive application services experience, will assist customers in application migration and modernization efforts, while Zones will provide comprehensive solutions to support customers in their digital transformation journey.
“This strategic alliance with Zones signifies our steadfast focus on delivering holistic solutions that empower clients through a combination of expertise and solutions, enabling them to migrate and modernize their applications seamlessly in their digital transformation journeys. Our combined efforts will pave the way for increased efficiency and innovation in the ever-evolving technology landscape,” said Samir Dhir, Managing Director and Chief Executive Officer of Sonata Software.
Earlier this month, the company announced its plan to establish a delivery center in Kraków, Poland, to cater to the growing demands for business transformation, modernization, and cost optimization initiatives from global clients in Europe.
HG INFRA ENGG: HG Infra Engineering Rises 3% on Rs 1,026-Crore Order Win
The HG Infra Engg with Joint venture of Stockwell Solar services Private Limited bagged order of Rs.1026 cr for four projects of Solar Power plants. This power plants output is 203.76 MW( AC) given by Jodhpur Vidyut Nigam limited and to complete in next 12 months time. Already company bags the order of East railway for 709.11cr last week and awarded by NHAI is 862.11 Cr.
HG Infra Engineering’s Shares Up 3% on Rs 1,026-Crore Solar Business Order
H.G. INFRA ENGINEE Market Price is moving in box pattern and market has rebounded from the support area of the pattern
In the early trade on March 19, HG Infra Engineering’s share price surged 3% after its joint venture secured a Rs 1,026-crore order for four solar business projects.
At 9:38 am, HG Infra Engineering was trading at Rs 919.20, up Rs 25.75 or 2.88 percent, on the BSE.
Jodhpur Vidyut Vitran Nigam Limited awarded four contracts to the joint venture consortium of HG Infra Engineering and Stockwell Solar Services Private Limited for four grid-connected solar power plants with a total capacity of 203.76 MW (AC).
The projects will be executed by a separate entity incorporated or to be incorporated by Stockwell Solar Services Private Limited and HG Infra Engineering directly or through its subsidiaries.
The scope of work includes engineering, procurement, construction (EPC), and commissioning of solar power plants, to be completed within 12 months.
Last week, the company also received a letter of acceptance from the East Central Railway for a Rs 709.11-crore project and a letter of award from the National Highways Authority of India (NHAI) for a project worth Rs 862.11 crore.
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