Silver Touch Technologies secures order worth Rs 35.63 cr from ITI

Silver Touch Technologies has received a purchase order from ITI, a Government of India Public Sector Undertaking under the Department of Telecommunications, Ministry of Communications, for the supply of 80 high-performance enterprise servers along with a 3-year warranty, for deployment in a defence project where the end customer is the Indian Army.

The order is valued at Rs 35.63 crore inclusive of GST. In addition, the Purchase Order envisages an Annual Maintenance Contract (AMC) for 8 years following the warranty period, valued at Rs 14.04 crore inclusive of GST, to be placed at a later date upon successful completion of the warranty period, if required. The aggregate potential value over the 11-year lifecycle is approximately Rs 49.67 crore.