Deals30 Mar 2025, 10:17 pm
Tera Software Ltd Receives LOI Worth Rs.273.12 Crores from MVVNL for Utility Services in Uttar Pradesh
AI Summary
Tera Software Ltd has announced the receipt of Letter of Intents (LOIs) worth Rs. 273.12 Crores from Madhyanchal Vidyut Vitran Nigam Ltd. (MVVNL) for providing Door to Door Meter Reading, Spot Bill Generation, Bill distribution & Bill Collection Services in the State of Uttar Pradesh. The LOIs, which exclude GST, will be executed over two years and include services in various distribution zones of MVVNL and DVVNL.
Key Highlights
- Tera Software Ltd has received LOIs worth Rs. 273.12 Crores from MVVNL for utility services in Uttar Pradesh.
- The services include Door to Door Meter Reading, Spot Bill Generation, Bill distribution & Bill Collection.
- The LOIs will be executed over two years in various distribution zones of MVVNL and DVVNL.
- The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.