Silver Touch Technologies Wins ₹35.6 Cr Server Order from ITI Ltd
Silver Touch Technologies has secured a significant purchase order from ITI Limited, a Government of India PSU, for the supply of 80 high-performance enterprise servers. The order, valued at ₹35,63,18,292.20 (₹35.63 Crore) inclusive of GST, is for deployment in a defence project for the Indian Army. The contract also includes provisions for an 8-year Annual Maintenance Contract (AMC) post-warranty, potentially adding another ₹14,04,07,208.04 (₹14.04 Crore) over its lifecycle, bringing the aggregate potential value to approximately ₹49.67 Crore. This win, achieved through a competitive bidding process, strengthens Silver Touch's position in the defence and critical infrastructure sectors, particularly for AI-ready workloads.
Key Highlights
- Secured ₹35.63 Crore order for enterprise servers from ITI Limited.
- Order is for deployment in an Indian Army defence project.
- Potential for an additional ₹14.04 Crore via an 8-year AMC.
- Strengthens company's strategic focus on Defence and Critical Infrastructure.
- Order secured through competitive tender and reverse auction process.
Price Impact
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