Nettlinx Limited wins orders

Nettlinx Limited has received various letters of award of contracts from various institutions for providing of Dedicated Internet Leased Line bandwidth connectivity, p2p links along with the services and accessories about 43 GBPS. These orders for supply of43 GBpS is on Gross cost contract (GCC) basis for a period of 1 year (Contract Period). The estimated total value of the contracts received is approximately Rs 11.20 crores inclusive of taxes.

The company has won significant contracts for providing of Dedicated Internet Leased Lines in the Fourth quarter of the ongoing financial year. The company classifies orders worth Rs. 1 crore to Rs. 5 crore as significant.

With these new orders the unexecuted order book as on date stood at approximately Rs. 10 crore, to be executed in three months.

Shares of NETTLINX LTD. was last trading in BSE at Rs. 103.35 as compared to the previous close of Rs. 104.80. The total number of shares traded during the day was 12840 in over 52 trades.

The stock hit an intraday high of Rs. 107.00 and intraday low of 103.10. The net turnover during the day was Rs. 1334145.00.

Source : Equity Bulls

Keywords

NETTLINX INE027D01019 OrderWin