Tera Software Limited Secures Rs. 273.12 Crore Contracts for Meter Reading & Bill Collection Services, share hit 2% UC
Summary: Tera Software Limited has received Letters of Intent (LOIs) worth Rs. 273.12 Crores (excluding GST) for providing Door-to-Door Meter Reading, Spot Bill Generation, Bill Distribution, and Bill Collection Services across multiple regions. The contracts are to be executed within two years . Stock Performance: Following the announcement, Tera Software Limited’s share price surged by 2%, hitting the upper circuit at Rs. 188.70 . Market Capitalization : Rs. 236.10 Crores . Key Details of the Contract: Number of Contracts: 3 Total Project Value: Rs. 273.12 Crores (excluding GST) Project Duration: 2 years for completion Scope: Door-to-Door Meter Reading, Spot Bill Generation, Bill Distribution, and Bill Collection Services across designated regions Breakdown of Contracts: Cluster-09 – Lucknow Central, Devipatan, and Raibareilly Distribution Zones of MVVNL: Rs. 90.06 Crores Cluster-05 – Agra, Firozabad, and Kanpur-2 Distribution Zones of DVVNL: Rs. 75.40...