Atishay Limited has secured a significant work order from the Municipal Corporation Ludhiana, Government of Punjab, according to reports from Business Standard. The contract involves digitization of official records for the municipal corporation, representing a substantial infrastructure modernization project that adds to the company's e-governance order visibility.
The digitization project encompasses approximately 165 lakh pages of official documents, including pages of varying sizes and Pay Bill Registers. As reported by Business Standard, the scope may be adjusted during actual execution of the work, indicating the comprehensive nature of the digitization effort. This successive work order not only augments the company's order book but also enhances revenue visibility and reinforces Atishay's position as a trusted implementation partner for large-scale government digitisation projects.
The total contract value is ₹4.23 crore inclusive of applicable GST, as reported by Business Standard. The project includes a stipulated completion timeline of 3 years, which includes the AMC (Annual Maintenance Contract) phase, providing adequate time for thorough digitization and quality assurance. The order does not constitute a related party transaction, and neither the promoters nor group companies have any interest in the awarding entity.
Atishay Limited shares were trading at ₹153.55 on BSE as of the latest trading session, building on recent momentum with a 4.31% gain and showing a weekly gain of 4.38%. The stock experienced a trading volume of 4,977 shares, representing a 20.1% increase compared to the average volume over the past week. The shares hit an intraday high of ₹153.55 and intraday low of ₹146.05, with a net turnover of ₹30.66 lakh. This market activity reflects investor interest in the company's latest contract win and its positioning in the government digitization sector.
