SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rolta India surges as its arm bags $31 million contract from MLGW

11 Jan 2013 Evaluate

Rolta India is currently trading at Rs 65.65, up by 0.60 points or 0.92% from its previous closing of Rs 65.05 on the BSE.

The scrip opened at Rs 66.95 and has touched a high and low of Rs 67.25 and Rs 65.30 respectively. So far 234355 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 108.10 on 01-Mar-2012 and a 52 week low of Rs 58.85 on 20-Nov-2012.

Last one week high and low of the scrip stood at Rs 67.30 and Rs 63.80 respectively. The current market cap of the company is Rs 1059.13 crore.

The promoters holding in the company stood at 44.21% while Institutions and Non-Institutions held 27.60% and 25.98% respectively

Rolta India’s wholly owned subsidiary - Rolta International, Inc., has been awarded a $31 million contract, to be executed over the next two years, to provide consulting, systems integration and software services to the largest three-service municipal utility in the United States, Memphis Light Gas and Water (MLGW).

This award includes the customization, implementation and deployment of Oracle’s E-Business Suite R12, Telvent’s ArcFM software and PowerPlan’s suite of asset-centric accounting solutions. The project includes the full range of Oracle E-Business Suite applications, including Financials, eAM, GIS, Human Resources, Hyperion and Business Intelligence. When the integrated Oracle R12-based solution is fully deployed in 2014 it will be one of the first R12 and Oracle eAM deployments in the United States for a three-service utility.

Besides, Rolta recognized for its expertise in Oracle technologies through eight ‘Titan Awards’, will leverage its extensive Oracle E-Business and Financials experience, and its domain expertise in the Utilities sector, garnered through numerous projects world-wide. Rolta is leading a consortium including ‘Signum Group’, ‘Teaming Solutions’ and ‘Stragistics’, and will exploit the collective experience of the team to provide a superior solution to MLGW.

Further, MLGW will replace its 22 year-old legacy Management Support System with a comprehensive solution comprising a fully integrated enterprise resource planning system that encompasses Financial Management, Work Management, Materials and Assets Management, and numerous re-engineered business processes to meet its current business needs. 

Rolta India is a leading provider of innovative IT solutions for many vertical segments including utilities, governments, transportation, process, power, banking and insurance.

Rolta India Share Price

1.67 0.00 (0.00%)
17-Dec-2025 16:59 View Price Chart
Peers
Company Name CMP
TCS 2574.05
Infosys 1314.65
HCL Tech. 1435.35
Wipro 204.60
Tech Mahindra 1514.25
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×