Silver Touch Technologies Limited has received a Purchase Order from ITI Limited, a Government of India Public Sector Undertaking under the Department of Telecommunications, Ministry of Communications. The order is for the supply of 80 high-performance enterprise servers along with a 3-year warranty for deployment in a defence project where the end customer is the Indian Army.

Financial Details

The Purchase Order is valued at ₹35,63,18,292.20 (Rupees Thirty-Five Crore Sixty-Three Lakh Eighteen Thousand Two Hundred Ninety-Two and Paise Twenty only), inclusive of GST. Additionally, the Purchase Order envisages an Annual Maintenance Contract (AMC) for 8 years following the warranty period, valued at ₹14,04,07,208.04 inclusive of GST, to be placed at a later date upon successful completion of the warranty period, if required. The aggregate potential value over the 11-year lifecycle is approximately ₹49.67 Crore.

Order Specifications

  • Client: ITI Limited, Network Systems Unit, Bengaluru (Government of India PSU under the Department of Telecommunications)
  • End Customer: Indian Army
  • Nature of Contract: Supply of high-performance enterprise servers with warranty; post-warranty comprehensive maintenance
  • Execution Timeline: Supply in up to 3 lots within 6 months from the date of Purchase Order; warranty of 3 years; AMC of 8 years post warranty (if awarded)
  • Key Terms: Includes pre-dispatch inspection and support for joint receipt inspection

Procurement Process

The order was secured through a competitive two-bid tender process followed by reverse auction.

Related Party Disclosure

The company confirmed that:

  • The promoter/promoter group/group companies have no interest in the entity that awarded the order
  • The order does not fall within related party transactions

Strategic Significance

The order strengthens Silver Touch's position as a trusted technology partner to India's defence establishment and reinforces the Company's strategic focus on:

1. Defence: Adds to the Company's growing portfolio of defence-sector work for mission-critical Indian Army deployment with stringent requirements

2. Critical Infrastructure: Positions the Company as a long-term infrastructure partner for secure, high-availability government and defence environments over an 11-year lifecycle

3. AI Infrastructure & Solutions: The AMD EPYC-based computer platform forms the foundation for data-intensive and AI-ready workloads

Business Context

The order was received in the normal course of the Company's business.