Hyderabad-based IT stock hit upper circuit after securing Rs 14.14 crore contract from Tripura Govt to build ‘UNNOTI’ citizen services platform!

Hyderabad-based technology solutions provider Raminfo Limited has secured a significant Rs 14.14 crore contract from the Government of Tripura to develop, deploy, implement, and maintain the 'UNNOTI' Services & Benefits Delivery Platform. This project, awarded by the Directorate of Information Technology under the Tripura Rural Economic Growth & Service Delivery Project (TRESP), marks a major expansion of Raminfo's e-governance footprint. The UNNOTI platform aims to enhance public service delivery, streamline citizen-government interaction, and empower over 41 lakh citizens of Tripura by providing faster, easier, and more accessible access to essential services.

The 'UNNOTI' platform will create a unified, secure, and scalable digital interface connecting over 60 government departments and 300+ schemes. It embodies the government's "Ease of Living" vision by eliminating repetitive data submissions from citizens through an "Ask Data Once" principle, ensuring a hassle-free, integrated service experience. Raminfo Limited will serve as the system integrator, providing end-to-end development, integration, and 26 months of post-deployment support and maintenance. The company plans to leverage its expertise in emerging technologies like AI, ML, analytics, and IoT to ensure the platform's robustness, intelligence, and adaptability, further maximising public outreach and operational transparency through features like a citizen portal, service dashboards, and mobile applications.

About the Company

Raminfo Limited (BSE: 530951) is a legacy player with 30 years of experience in e-governance and other tech solutions. They’re a company listed on the BSE. Raminfo serves various sectors across India, including government, fintech, healthcare, smart energy, IoT, analytics, and engineering. In the government arena, Raminfo shines with its e-governance, smart lighting, telemedicine, and agro-logistics initiatives, alongside skill development and education programs. Embracing its 2.0 evolution, Raminfo harnesses the power of AI and Machine Learning to venture into new frontiers, crafting comprehensive, multi-vertical ecosystems.

On Wednesday, shares of Ram Info Ltd rocketed 5 per cent upper circuit to Rs 105.45 per share from its previous closing of Rs 100.45 per share. The stock’s 52-week high is Rs 142.90 per share and its 52-week low is Rs 62 per share. The shares saw a spurt in volume by more than 2.40 times on the BSE.

The company has a market cap of Rs 79.54 crore. Additionally, the company reported positive numbers in its Quarterly Results and annual results. The shares of the company have a PE of 47x whereas the industry PE is 33x. The stock is up by 70 per cent from its 52-week low of Rs 62 per share.

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