Multibagger Electricity Meter Company Bags New Orders Worth Rs 273,12,03,936.96 From Madhyanchal Vidyut Vitran Nigam Ltd

The stock gave multibagger returns of 314 per cent from its 52-week low and a whopping 1,180 per cent in 5 years.

Tera Software Limited has announced the receipt of Letters of Intent (LOIs) totalling Rs 273,12,03,936.96 (excluding GST). These LOIs, to be executed over two years, are for providing door-to-door meter reading, spot bill generation, bill distribution, and bill collection services for Madhyanchal Vidyut Vitran Nigam Ltd. (MVVNL). The projects are divided into three clusters: Cluster-09 (Lucknow Central, Devipatan, and Raibareilly) valued at Rs 90,06,77,980.80, Cluster-05 (Agra, Firozabad, and Kanpur-2) valued at Rs 75,40,02,159.36, and Cluster-12 (Azamgarh and Basti) valued at Rs 107,65,23,796.80.

These LOIs signify a substantial expansion of Tera Software's operations in the electricity distribution sector. The projects cover significant geographical areas within Uttar Pradesh, indicating MVVNL's confidence in Tera Software's capabilities. Tera Software's registered office is located in Hyderabad, Telangana.

Tera Software Ltd., established in 1994, operates as an IT and integrated services provider, specializing in build-own-operate-transfer (BOOT) projects for government organizations across India. With a presence in over 22 states and a network of more than 3,000 outlets, the company offers a broad spectrum of services encompassing e-governance solutions, system integration, IT-enabled services, software development, and digital infrastructure development, including optical fiber cable connectivity and Next Generation Network (NGN) architecture.

Notable projects include the implementation of digital initiatives like Kaveri, BESCOM, Aadhar, AP FIBERGRID, and various e-governance systems for state governments, demonstrating their comprehensive capabilities in delivering large-scale IT solutions. The stock gave multibagger returns of 314 per cent from its 52-week low and a whopping 1,180 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.