Olatech Solutions hit an upper circuit of 2% to Rs 307.20 after the company secured a Rs 44.99 crore turnkey order from a reputed domestic telecom client for IT infrastructure, including AMC and O&M over 10 years.
The total order value is INR 449.9 million, of which approximately 50% will be billed in FY2025-26, and the remaining 50% will be billed over a period of 10 years.The project involves the supply, installation, testing, and commissioning of IT infrastructure for 6 months, with AMC and O&M services for 10 years.
Olatech Solutions is in the business of data center, enterprise, telecom, and IT software solutions in the OSS BSS segment.
On a full-year basis, the company's net profit surged 153.8% to Rs 3.02 crore on a 103.5% jump in revenue to Rs 15.16 crore in FY24 over FY23.
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