Synopsis: Atishay Limited has secured a work order worth Rs. 11.16 crore from the Government of West Bengal for printing and delivery of over 2.25 crore Ayushman Bharat and AB Vay Vandana cards across eight districts. The contract is to be executed within nine months and is expected to strengthen the company’s order book and revenue visibility.
Shares of Atishay Limited are likely to remain in focus after the company announced that it has been awarded a work order by the Government of West Bengal under the Ayushman Bharat–Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) for printing and delivery of healthcare beneficiary cards.
Atishay Limited has a total market capitalization of approximately Rs. 227.47 crore. The company’s shares were trading at Rs. 206.20 apiece on the stock exchange, up by 1.58 percent during the session. The stock has surged around 5.47 percent over the last five trading sessions. The stock has declined around 3.13 percent over the last month, reflecting positive momentum. The stock touched a 52-week high of Rs. 235 and a 52-week low of Rs. 117.
Atishay Limited has informed the exchanges that the order has been awarded by the Department of Health and Family Welfare, Government of West Bengal, and covers the printing and delivery of AB PM-JAY Cards and AB Vay Vandana Cards across eight districts, namely Bankura, Birbhum, Jalpaiguri, Kalimpong, Murshidabad, Nadia, Purba Bardhaman, and Uttar Dinajpur.
The total quantity covered under the contract stands at 2.25 crore cards, making it a sizable government assignment for the company. The total contract value is Rs. 11.16 crore, inclusive of GST, and the project is scheduled to be completed within nine months from the date of issuance of the work order.
Under the terms of the contract, the printed cards will be delivered to designated block and municipal officials or other authorized authorities in accordance with operational guidelines prescribed by the National Health Authority (NHA). The project forms part of the government’s ongoing efforts to strengthen healthcare coverage and beneficiary identification under flagship welfare schemes.
The latest order further strengthens Atishay’s presence in the e-governance and public welfare ecosystem. The company highlighted that it has previously undertaken similar Ayushman card printing and supply assignments in states including Odisha, Haryana, Chhattisgarh, Uttar Pradesh, Goa, and Maharashtra, demonstrating its execution capabilities in large-scale government projects.
From an investor perspective, government contracts provide revenue visibility and improve order book strength while reinforcing long-term relationships with public-sector clients. The recurring nature of digital governance and welfare implementation projects could continue to create opportunities for specialized technology service providers.
India’s digital governance ecosystem has witnessed significant growth over the past decade, with increasing adoption of technology-enabled citizen services, healthcare databases, beneficiary identification systems, and public welfare delivery mechanisms. Companies with expertise in executing large-scale government projects are expected to benefit from this trend.
Incorporated in 1989, Atishay Limited is an IT consultancy and services company engaged in providing customized software solutions, e-governance services, digitization, smart card solutions, and technology-enabled public service delivery platforms.
The new Rs. 11.16 crore order is expected to enhance the company’s revenue visibility over the coming quarters while further strengthening its position as a trusted technology partner for government-led welfare and digital governance initiatives.
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