Lower Circuit Alert: Silver Touch Technologies Selected for Major E-Governance Project by Transport Department, Government of Uttar Pradesh

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Lower Circuit Alert: Silver Touch Technologies Selected for Major E-Governance Project by Transport Department, Government of Uttar Pradesh

The company has a market capitalisation of Rs 1,738 crore and has given multibagger returns of over 120 per cent from its 52-week low of Rs 621 per share.

Silver Touch Technologies Limited has been selected by the Transport Department of the Government of Uttar Pradesh to lead a comprehensive statewide e-governance initiative. The project centers on the end-to-end management of Smart Card Driving Licences (SCDL), encompassing everything from application development and infrastructure deployment to the personalisation, printing and secure dispatch of licenses. By establishing a centralised platform for data processing and document lifecycle management, Silver Touch will provide a scalable digital solution designed to streamline citizen services across all RTO and ARTO offices throughout the state.

The engagement is structured as a long-term contract, providing the company with sustained execution goals and predictable revenue visibility over the coming years. This mandate involves not only the initial technical setup but also the ongoing operations, maintenance and compliance-driven monitoring required for such a mission-critical government program. This selection highlights Silver Touch’s specialised capabilities in large-scale system integration and digital public infrastructure, further solidifying its presence in the delivery of high-availability e-governance solutions.

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About the Company

Silver Touch Technologies Limited is a rapidly growing IT solutions and consulting firm that empowers government and enterprise clients through cloud computing, AI, automation and analytics. The company currently maintains a robust Order Book of approximately Rs 650 crore, characterised by a strategic mix of immediate deployment and long-term sustainability. Typically, projects are structured over a five-year tenure, where 50 per cent to 60 per cent of the contract value is realised through initial implementation in the first year, while the remaining 40% to 50% provides steady revenue through ongoing operations and maintenance. This model ensures that 8 per cent to 10 per cent of project value is consistently billed annually over the subsequent four to five years, reinforcing the company's focus on predictable, annuity-based growth.

On Thursday, shares of Silver Touch Technologies Ltd hit a 5 per cent Lower Circuit to Rs 1,370.20 per share from its previous closing of Rs 1,442.30 per share. The shares have a 52-week low of Rs 1,695.50 per share and a 52-week low of Rs 621 per share. The company has a market capitalisation of Rs 1,738 crore and has given multibagger returns of over 120 per cent from its 52-week low of Rs 621 per share.

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