Stocks of Trigyn Technologies up after contract award

On Wednesday, Trigyn announced that the wholly-owned subsidiary of the company, Trigyn Technologies Ltd (TTL), has been awarded a contract to provide IT Technical Resource Augmentation Services by Ontario Education Collaborative Marketplace (OECM) located in the east and west geographical zones of Ontario.

Trigyn was selected as one of three suppliers to service these entities for a period of three years, with an option to extend for an additional two years, bringing the potential term to five years.

Under the said contract, services are to be provided to OECM customers that include Ontario’s publicly funded education institutions like school boards, colleges and universities and Broader Public Sector (BPS) organisations, including municipalities, hospitals, community care access centres, developmental services organisations, crown corporations, as well as not-for-profit organisations.

Trigyn Technologies is engaged in computer programming, consultancy and related activities. It provides IT staffing, consulting, solutions, systems integration, digital marketing and other services to its clients.

At 1.15 pm on Friday, the stock was trading at Rs 46.30, up by 3.58 per cent or Rs 1.60 per share. The 52-week high is recorded at Rs 83.70 and the 52-week low is Rs 39 on BSE.