Rolta logs early gains on Infoterra tie-up

The stock slipped to a low of Rs 181 and finally ended flat at Rs 183. The counter witnessed trades of 1.55 million shares as compared to the two-week daily average traded volumes of 633,428 shares on the BSE.
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(Updated at 1147hrs)

Rolta has moved up in morning trades on news that its has tied-up with Infoterra France for Pixel Factory Image Processing Technology.

The stock opened at Rs 183 and soared to a high of Rs 187. The stock is now trading at Rs 186, up 2% from its previous close. The counter has clocked volumes of 758,179 shares as compared to the two-week daily average traded volumes of 633,428 shares on the BSE.

According to a release issued by Rolta to the BSE, the company has signed an agreement with Infoterra France, an EDAs Astrium subsidiary. The agreement will allow Rolta to increase the capacity of its delivery center for photogrammetric process. By combining the sophistication of Pixel Factory with Rolta's experienced and highly skilled GIS experts, customers can expect to obtain high quality map products with improved turn-around.