Rolta India gains on implementing unique system for capital project management

Rolta India is currently trading at Rs 98.55, up by 0.10 points or 0.10% from its previous closing of Rs 98.45 on the BSE.

The scrip opened at Rs 98.95 and has touched a high and low of Rs 101.20 and Rs 97.85 respectively. So far 55000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 188.50 on 18-Nov-2010 and a 52 week low of Rs 90.75 on 22-Aug-2011.

Last one week high and low of the scrip stood at Rs 101.20 and Rs 96.20 respectively. The current market cap of the company is Rs 1589 crore.

The promoters holding in the company stood at 41.97% while Institutions and Non-Institutions held 35.33% and 21.02% respectively.

Qatar’s public works authority, Ashghal, in partnership with Rolta has successfully implemented a unique, geocentric system for capital project request management called “Moazanah”. The successful implementation reinforces Rolta’s strong track record in providing domain expertise and sophisticated technology solutions to lead and manage innovative large projects.

The Moazanah project was envisaged by Ashghal’s Engineering Business Services Department to develop a solution that was easy to use by over 23 agencies, involving hundreds of end-users needing to access numerous details associated with each of many diverse projects.

Rolta OnPoint TM, the spatial engine at the heart of Rolta Geospatial Fusion TM, is the cornerstone of Moazanah. This solution also leverages Microsoft SharePoint and Esri’s ArcGIS Server. New levels of operational insights are made possible through this solution that allows users to easily access data in an extremely user-friendly and cost-efficient manner. The Rolta solution provides invaluable insights to management into sharing of capital budgets between the regions in the country, and an opportunity to optimize capital expenditure. For example, the system can facilitate significant cost savings by synchronizing road closures for two projects in the same vicinity.

Rolta is a leading provider of innovative IT solutions for many vertical segments, including Utilities, Governments, Transportation, Process, Power, Banking and Insurance. These enterprise level solutions are built around Rolta’s intellectual property and domain expertise to offer unique business intelligence for impactful insights for effective decision making. Rolta’s solutions framework includes Geospatial Fusion TM, a suite to integrate disparate spatial and business data; Rolta OneView TM, a BI solution for operational excellence; and Rolta iPerspective TM, a unique platform for SOA and “Cloud” enablement.

Rolta’s intellectual property repository contains cutting-edge software for mapping and earth sciences, providing the foundation for Defense and Homeland Security solutions including C4ISTAR information systems, Military Communications, Digital Soldier, and Vehicle Systems. Rolta is a multinational organization headquartered in India, which has executed projects in over 40 countries. Rolta has a countrywide infrastructure and international subsidiaries across the globe.