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Omnitech InfoSolutions shines on inking NG-RTGS implementation contract with SJSB

Omnitech Infosolutions Ltd. | IT - Software | IT & ITES | BSE: 532882 | NSE: OMNITECH

22 Apr 2013 Evaluate

Omnitech InfoSolutions is currently trading at Rs. 136.00, up by 3.00 points or 2.26% from its previous closing of Rs. 133.00 on the BSE.

The scrip opened at Rs. 140.80 and has touched a high and low of Rs. 143.10 and Rs. 135.00 respectively. So far 11,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 204.00 on 01-Jan-2013 and a 52 week low of Rs. 105.00 on 31-Aug-2012.

The current market cap of the company is Rs. 204.00 crore.

The promoters holding in the company stood at 52.66% while Institutions and Non-Institutions held 7.60% and 39.74% respectively.

Omnitech InfoSolutions, India’s leading Technology Transformation Company has inked its first Next Generation Real Time Gross Settlement (NG-RTGS) implementation contract with Solapur Janata Sahakari bank (SJSB). The contract involves helping the bank to go live on Next Generation RTGS along with a three year Management Services contract. It involves making the Gateway Servers fully operational by installing & configuring all relevant hardware & software, Network communication with regard to NG RTGS Primary, standby and Disaster Recovery Site.

Besides, it also entails implementation of the company’s three niche Payment Solutions for notifications, liquidity management and payment messages reconciliation. The next generation RTGS (NG-RTGS) system is based on eXtensible Markup Language (XML) messages conforming to ISO 20022 standards.

RBI has instructed the banks to be prepared to migrate their existing payment systems to handle the new ISO 20022 message format, while instructing the new member banks to directly start operations on the new format.

Omnitech InfoSolutions is a global IT solutions and services provider company in the areas of business availability, business continuity and business enhancement services.

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Peers

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Omnitech InfoSolutions shines on inking NG-RTGS implementation contract with SJSB

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