Rolta India gains as its arm bags two contracts worth 7 million pound

05 Feb 2013

Rolta India is currently trading at Rs. 62.80, up by 0.25 points or 0.40% from its previous closing of Rs. 62.55 on the BSE.

The scrip opened at Rs. 62.40 and has touched a high and low of Rs. 63.80 and Rs. 61.65 respectively. So far 79,000 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. 64.30 and Rs. 62.20 respectively. The current market cap of the company is Rs. 1,013 crore.

The promoters holding in the company stood at 44.22% while Institutions and Non-Institutions held 24.19% and 30.32% respectively.

Rolta India’s - wholly owned subsidiary, Rotla UK, has been awarded two contracts by Northern Powergrid. The first contract is to implement a fully integrated, asset management system with comprehensive geospatial functionality while the second is to provide data management and quality assurance services relating to asset records. The combined contracts are valued at nearly 7 million pound approximately $11 million and will be executed over two years.

Rolta will leverage its solution frameworks, deep utilities know-how and IT expertise for enterprise-level systems integration to deliver the contract. Rolta is enabling the Oracle enterprise Asset Management (Oracle eAM) module within Northern Powergrid’s existing Oracle e-Business Suite and creating a separate Oracle spatial database.

Northern Powergrid is an electricity distribution company, delivering electricity to nearly 4 million domestic and commercial customers across the north east of England. Management of its assets, some 31,000 substations and 91,000km of overhead and underground cables, is critically important, for investment decisions and changes to the asset infrastructure.

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

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