ACS Technologies receives orders worth Rs 47,30,38,400 in Andhra Pradesh
DSIJ Intelligence-1Categories: Penny Stocks, Trending
From Rs 3.28 (52-week low) to Rs 42.55 per share, the stock has given multibagger returns of 1,197 per cent to its investors.
ACS Technologies Limited has secured two significant work orders in Andhra Pradesh totalling Rs 47,30,38,400. The first contract, valued at Rs 33,68,90,000, was awarded by Andhra Pradesh Urban Infrastructure Asset Management Limited to a consortium consisting of ACS Technologies and Dreamstep Software Innovations Private Limited. This project involves the end-to-end design, development and deployment of a QR-based digital ecosystem across Urban Local Bodies (ULBs) in the state, including ongoing operations, maintenance and training.
The second order, worth Rs 13,61,48,400, involves a direct agreement with the Andhra Pradesh Commercial Taxes Department. Under this contract, ACS Technologies will be responsible for the development, integration and management of various applications, as well as the maintenance of essential infrastructure. A critical component of this engagement is the integration of these systems with the Goods and Services Tax Network (GSTN), National Informatics Centre (NIC) and the Comprehensive Financial Management System (CFMS), alongside other government departments.
Both domestic projects were disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has characterised these wins as significant milestones, emphasising a commitment to high standards of quality and efficiency. While the specific execution timelines are governed by the individual work orders, these contracts collectively enhance the company's footprint in providing large-scale digital governance and infrastructure solutions within the public sector.
About the Company
ACS Technologies Ltd, incorporated in 1995, operates as a comprehensive systems integrator specialising in IT infrastructure, security and IoT solutions. The company provides end-to-end implementation and maintenance for large-scale data centers and networks serving high-security sectors such as Defence, public sector undertakings and Banking. Beyond infrastructure, ACS offers a dedicated suite of software products and services, alongside a specialised product line in home and building automation within the IoT and automation segment.
The company has a market cap of Rs 258 crore and the stock is trading under Rs 50 as of January 21, 2026. From Rs 3.28 (52-week low) to Rs 42.55 per share, the stock has given multibagger returns of 1,197 per cent to its investors.
Disclaimer: The article is for informational purposes only and not investment advice.