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:

  1. Cluster-09 – Lucknow Central, Devipatan, and Raibareilly Distribution Zones of MVVNL: Rs. 90.06 Crores

  2. Cluster-05 – Agra, Firozabad, and Kanpur-2 Distribution Zones of DVVNL: Rs. 75.40 Crores

  3. Cluster-12 – Azamgarh and Basti Distribution Zones of PuVVNL: Rs. 107.65 Crores

About the Company:

Incorporated in 1994, Tera Software Ltd is in the business of IT & Integrated related services.

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