GACM Technologies Ltd awarded project valued at Rs. 10 crores

GACM Technologies Ltd. has been awarded a significant project valued at INR 100,000,000 by MSK Technologies (India) Private Limited.

Key Highlights of the Project:

1. Project Value: INR 100,000,000

2. Expected Gross Profit: Approximately 55% - 60% of the total order value, estimated between INR 55,000,000 to INR 60,000,000.

3. Scope of Work: The project involves resource augmentation and consulting services, leveraging GACM's expertise in IT solutions and technology services.

4. Performance Locations: The services will be performed both onsite at the Customer's premises and offshore at GACM's development offices.

5. Strategic Growth: This project enhances GACM's portfolio in high-value IT services, showcasing our ability to execute large-scale assignments.

6. Strengthening Market Position: Successfully delivering this project will further solidify our position as a leading IT solutions provider in the market.

7. Revenue Impact: The project is expected to positively influence our revenue and profitability in the current financial year, aligning with our growth strategy.

This project is a testament to GACM Technologies' capability to deliver complex IT solutions and underscores our commitment to driving growth and value creation for our stakeholders. We remain dedicated to pursuing further opportunities that align with our business objectives.

Shares of Stampede Capital Limited was last trading in BSE at Rs. 2.24 as compared to the previous close of Rs. 2.14. The total number of shares traded during the day was 32626 in over 21 trades.

The stock hit an intraday high of Rs. 2.24 and intraday low of 2.17. The net turnover during the day was Rs. 73073.00.

Source : Equity Bulls

Keywords

GACMTechnologies INE224E01036 Project MSKTechnologiesIndia