RNIT AI Solutions Ltd receives orders from Telangana Technology Services Ltd

RNIT AI Solutions Limited ("RNIT" / "the Company") has received multiple work orders from Telangana Technology Services Limited (TGTS), a Government of Telangana undertaking, for implementation and maintenance of AI-based Facial Recognition Attendance Management Systems.

The work orders pertain to deployment of the said solution for the Government Higher Education Department across the State of Telangana, covering the State Board of Technical Education and Training (SBTET), Collegiate Education Department and ITI institutions across the State, under E-Governance, for a period of three (3) years.

These work orders represent the Company's presence in another State in the Higher Education E-Governance domain, thereby reinforcing its presence in Government-led EGovernance initiatives for the Higher Education Department.

The total number of users (approximately) covered under the scope is around 10,00,000 (1 million) across the State of Telangana.

The scope of work includes implementation and maintenance of AI-based Facial Recognition Attendance Management Systems on a rate contract basis (Software-asa-Service (SaaS) model), in accordance with the terms specified in the respective work orders.

Shares of Rnit Ai Solutions Limited was last trading in BSE at Rs. 53.98 as compared to the previous close of Rs. 52.33. The total number of shares traded during the day was 212474 in over 574 trades.

The stock hit an intraday high of Rs. 54.94 and intraday low of 52.00. The net turnover during the day was Rs. 11434463.00.

Source : Equity Bulls

Keywords

RnitAiSolutions INE335Q01026 OrdersWin TGTS