Stock Report

Choice Consultancy Services Pvt Ltd Awarded Work Order worth Rs. 17 Crores for PACS Digitalization in Maharashtra



Posted On : 2024-01-18 20:49:17( TIMEZONE : IST )

Choice Consultancy Services Pvt Ltd Awarded Work Order worth Rs. 17 Crores for PACS Digitalization in Maharashtra

Choice Consultancy Services Pvt Ltd, a leading consulting firm and a subsidiary of Choice International Ltd, has been selected to spearhead a transformative project aimed at digitalizing Primary Agricultural Credit Societies (PACS) across Maharashtra. This announcement follows a successful bid in response to NABARD's call for proposals, reflecting Choice Consultancy's commitment to innovation and progress in the rural financial sector.

The initiative, endorsed by the Office of The Commissioner for Co-operation & Registrar Of Cooperative Societies, Maharashtra State, Pune, aligns with the company's dedication to driving positive change in the agricultural finance landscape. Choice Consultancy Services Pvt Ltd will serve as the System Integrator for the computerization of 1983 PACS in Maharashtra, covering districts such as Solapur, Latur, Osmanabad, Beed, Nanded, Bhandara, Gondia, Chandrapur, and Gadchiroli.

Arun Poddar, CEO of Choice International Ltd, expressed enthusiasm for the project, stating, "We are honoured to lead the digitalization efforts for Primary Agricultural Credit Societies in Maharashtra. At Choice International Ltd, we are committed to leveraging cutting-edge technology to empower rural communities. This initiative is a testament to our dedication to making a meaningful impact on agricultural finance and rural development."

The project involves comprehensive tasks such as software installation, operationalization, data sanitization, validation, data entry, digitization, and migration. Choice Consultancy Services Pvt Ltd will play a crucial role in ensuring the seamless execution of these activities across the designated PACS. Choice Consultancy Services Pvt Ltd looks forward to contributing to the success of this transformative initiative, fostering transparency, effectiveness, and financial stability within these vital rural institutions.

Shares of CHOICE INTERNATIONAL LTD. was last trading in BSE at Rs. 535.75 as compared to the previous close of Rs. 535.80. The total number of shares traded during the day was 19270 in over 758 trades.

The stock hit an intraday high of Rs. 539.70 and intraday low of 525.15. The net turnover during the day was Rs. 10287730.00.

Source : Equity Bulls

Keywords

CHOICEINTERNATIONAL INE102B01014 ChoiceConsultancyServices OrderWin