XTGlobal Infotech Limited bags IT modernization project

XTGlobal Infotech Limited has bagged a landmark IT modernization project by a prominent U.S. State Agency, through a competitive public Request for Proposal (RFP) process.

The contract was awarded through a public, competitive Request for Proposal (RFP) process. It covers the design, development, implementation, and support of missioncritical IT systems for the government agency. The contract emphasizes innovation, cost-efficiency, scalability, and data security. It will be executed through multiple sub-projects over a period of five years. XTGlobal will be responsible for architectural leadership, technical delivery, and managed services.

The contract value is estimated between USD $7-10 million (approx. Rs. 58-83 crores). The initial sub-project awarded is valued at USD $119,000.

Shares of Xtglobal Infotech Ltd was last trading in BSE at Rs. 38.02 as compared to the previous close of Rs. 37.72. The total number of shares traded during the day was 96399 in over 1599 trades.

The stock hit an intraday high of Rs. 41.49 and intraday low of 36.13. The net turnover during the day was Rs. 3641090.00.

Source : Equity Bulls

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XtglobalInfotech INE547B01028 OrderWin ITModernizationProject