Trending small cap stock: Rolta surges 8 per cent on USD 10.8 mn order for geospatial solution

The stock of Rolta India surged as much as 8 per cent in today’s trading session as it informed the bourses that it has secured an order worth USD 10.8 million from one of the largest countries in Middle East to provide a transformational geospatial solution. This solution will support a prestigious national level digital transformation programme to fulfil their ambitious vision over the next 15 years.

For this project, Rolta has been assigned to create a seamless digital repository comprising of up-to-date mapping and geospatial information covering the entire nation with an integrated bilingual geo-portal to secure multi-channel dissemination and collaboration.

Rolta’s cloud-enabled IP-led geospatial fusion together with spatial analytics suites will form the core for the geo-portal which support innovative enhancement for elevation and geodetic services, integration of hydrographic data, etc.

Moreover, Rolta had been facing stiff competition and has, therefore, now focused its business on providing tailored solution with its own IP that services specific industry verticals that service enterprises and government clients worldwide. Hence, it has sought a restructuring of its debt obligations from bond holders.

Rolta provides innovative IP-led IT solutions for many vertical segments, which includes central and state governments, financial services, manufacturing, retail, utilities, oil & gas, petrochemicals and healthcare. It is recognised for its extensive portfolio of solution based on field proven Rolta IP tailored for Indian defence and internal security.