During Wednesday’s trading session, the price of an indian IT stock hit an upper circuit of 2 percent after the company bagged orders worth Rs 1901 crores in consortium with ITI Ltd. from Bharat Net.
With a market capitalization of Rs. 268.63 crores, on Monday, the shares of Tera Software Ltd are trading at Rs. 215.98, up by 2 percent from its previous closing of Rs. 211.75. The company has given a staggering 353.74 percent returns in the past year.
What’s the News
Tera Software, in collaboration with its consortium partner ITI Ltd., has received an Advanced Work Order (AWO) under the BharatNet Project for the development of the Middle Mile Network in the northeastern states of Arunachal Pradesh, Nagaland, and Manipur. This contract, valued at Rs 1,901.10 crore, pertains to Package No. 15 of the project.
The scope of work under this package includes the complete lifecycle management of the Middle Mile Network infrastructure, covering design, supply, construction, installation, upgradation, as well as the long-term operation and maintenance. The objective is to enhance digital connectivity in remote and underserved regions by strengthening the broadband backbone.
This initiative forms part of the larger BharatNet Phase-3 project, which is aimed at creating, upgrading, and managing a robust Middle Mile Network across the country. Executed under the Design-Build-Operate-Maintain (DBOM) model, this phase falls under the Digital Bharat Nidhi (DBN) scheme. It is designed to deliver high-speed broadband services to 2.5 lakh Gram Panchayats nationwide, empowering rural communities and driving forward India’s vision of a digitally inclusive society. With this, the total Orders received from BSNL reach Rs 7,005 Crores in consortium With ITI Ltd.
About the company
Tera Software Limited provides information technology, software development, and integrated solutions in India. It offers e-governance solutions in areas, such as transportation, land registration, public distribution, automation of taxes, education, power, common service center, SWAN, banking, telecom, healthcare, and ID segment; and system integration and networking solutions, including hardware/software integration, mobile computing, local and wide area networking, smart cards, bio-metrics and kiosks, software maintenance, facility management, tech support and training, storage area networks, VSAT communications, VPN and security solutions, and video conferencing solutions.
The company’s revenue from operations has surged by 15.44 percent from Rs. 21.63 Crores in Q3FY24 to Rs. 24.97 Crores in Q3 of FY25, whereas the net profits of the company have grown by 91.89 percent from Rs. 1.11 crores in Q3FY2024 to Rs. 2.13 Crores in Q3FY2025.
Written by Likesh Babu S
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