Hyderabad-based IT stock surges after bagging govt contract

Citizen Assistance

Posted by AI on 2025-08-19 10:49:19 | Last Updated by AI on 2025-08-19 09:09:05

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Raminfo Ltd shares hit upper circuit in Wednesday's session after the Hyderabad-based IT stock secured a Rs 14.14-crore contract from the Tripura government. The company, which has 30 years of experience in e-governance and technology solutions, will develop, deploy, implement and maintain the 'UNNOTI' Services and Benefits Delivery Platform for the Tripura Rural Economic Growth & Service Delivery Project (TRESP). The new platform is expected to provide easier access to essential services for over 41 lakh citizens of Tripura.

The UNNOTI platform aims to offer an integrated service experience for citizens by eliminating repetitive data submissions through the 'Ask Data Once' principle. Raminfo, the system integrator for the project, will leverage emerging technologies like AI, ML, analytics and IoT to ensure the platform's robustness, intelligence and adaptability.

This new contract is a significant expansion of Raminfo's e-governance footprint and the company believes it will help maximize public outreach and operational transparency through features including a citizen portal, service dashboards and mobile applications. Shares of the company surged 5% to Rs 105.45 apiece in intra-day trade.

The development comes after the company reported positive quarterly and annual results, with the stock up 70% from its 52-week low of Rs 62 per share. Experts believe the company's strong experience in the government arena, particularly in e-governance, smart lighting, telemedicine, and agro-logistics initiatives, put it in a good position to execute this project successfully.

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