Tera Software touches roof on bagging work orders worth Rs 396.47 crore

Tera Software is currently trading at its upper circuit limit of Rs. 51.95, up by 2.45 points or 4.95% from its previous closing of Rs. 49.50 on the BSE.

The scrip opened at Rs. 51.90 and has touched a high and low of Rs. 51.95 and Rs. 49.90 respectively. So far 1180 shares were traded on the counter.

The BSE group ‘T’ stock of face value Rs. 10 has touched a 52 week high of Rs. 85.00 on 19-Jul-2021 and a 52 week low of Rs. 25.10 on 06-Oct-2020.

Last one week high and low of the scrip stood at Rs. 53.30 and Rs. 48.30 respectively. The current market cap of the company is Rs. 65.00 crore.

The promoters holding in the company stood at 47.54% and Non-Institutions held 0 52.46%.

Tera Software has bagged a work orders worth Rs 396.47 crore (including GST) from Dakshinanchal Vidyut Vitran Nigam (DVVNL) and Pashchimanchal Vidyut Vitran Nigam (PVVNL). The Company has signed agreements with DVVNL and PVVNL for the aforesaid work orders for Door-to-Door Meter Reading, On spot bill generation, Bill distribution and Bill Collection in cluster-5 (Agra-I, Agra-2 and Aligarh Distribution Zones of DVVNL) and in cluster-1 (Meerut, Saharanpur and Noida Distribution Zones of PVVNL) for total quantity of 56,10,006 consumers in the State of Uttar pradesh.

Tera Software is a provider of integrated IT solutions.

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