Trigyn Technologies surges after UN extends its contract

United Nations has extended the contract with Trigyn Technologies Inc. for the provision of IT Staffing service for Office of Information and Communications Technology (OICT). Reacting to this, the stock of Trigyn Technologies Limited was trading up by 9.04 per cent.

Trigyn Technologies Inc. is a wholly owned subsidiary of Trigyn Technologies Limited. The revised contract will now expire on December 31, 2019. In the press release, the company also announced that the United Nations revised the Not-To-Exceed (NTE) amount of the contract from US$ 173,160,722.84 to US$ 194,160,722.84. Apart from this, the other terms and conditions of the contract remain unchanged.

Established in 1986, Trigyn Technologies is a public multi-national information technology firm with around 1,500 resources deployed in almost 25 countries across Asia, North America, Europe, and Africa. The company’s client-base consists of fortune 500 companies spread across diverse industries, intergovernmental organisations and the US state governments. It offers services related to implementing fully operational unified command and control centers, smart solutions, Internet of Things (IoT), smart utilities, security, surveillance, etc.

On Friday, in the afternoon session, the stock was trading at Rs. 57.30, up by 9.04 per cent or Rs. 4.75 per share. The 52-week high is Rs. 104.70 and 52-week low is Rs. 39 on BSE.