Lower Circuit Alert: Esconet Technologies Ltd secures order worth Rs 20.60 crore from Info Edge (India) Ltd

Esconet Technologies Limited has secured a significant domestic order from Info Edge (India) Limited for the supply and installation of 340 x86 servers. This contract is valued at approximately ₹20.06 Crores (excluding GST), underscoring Esconet’s expertise and strong positioning in large-scale server infrastructure and data center solutions.

The scope of work involves the delivery and installation of these tailored systems as governed by the purchase order. Esconet is scheduled to complete the execution of this contract by December 2025, further reinforcing its credibility in executing major technology projects.

On Wednesday, shares of Esconet Technologies Limited hit a 5 per cent Lower Circuit to Rs 220.30 per share from its previous closing of Rs 231.90 per share. The stock’s 52-week high is Rs 502.95 per share and its 52-week low is Rs 150.15 per share.

Esconet Technologies Ltd, a leading IT solutions provider, offers a comprehensive range of services including high-performance supercomputing, data centre facilities, cloud computing, and cybersecurity solutions. With a strong focus on innovation, the company has partnered with industry giants like AWS, Cisco, Red Hat, Dell, AMD, Microsoft, Nvidia, HP, VMware, and Intel to deliver cutting-edge solutions to clients across diverse sectors. Esconet's clientele includes prominent organisations such as Adobe, Bharat Electronics, Eli Research, NIC, Motherson, Indiabulls, Hanon, Siemens, ONGC and Indian Oil, among others.

The company has a market cap of Rs 292 crore with an ROE of 25 per cent and an ROCE of 32 per cent. The stock is up by 47 per cent from its 52-week low of Rs 150.15 per share.

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