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Orient Technologies jumps 12% on ₹76.2 crore NPCI server order
The order is set to run for 18 weeks and includes seven-year warranty support for end-of-sale servers.
Orient Technologies shares rose about 12% to an intraday high of ₹290 on July 27 after the company said it secured a new order from the National Payments Corporation of India, or NPCI.
LiveMint Markets reports the contract, filed in a Friday regulatory update, is worth ₹76.2 crore excluding GST and is scheduled for execution over 18 weeks. The deal covers supply of servers with end-of-sale support and a seven-year warranty, backed by back-to-back support from the original equipment manufacturer.
The company said the order strengthens its position delivering enterprise infrastructure solutions, particularly for large-scale IT infrastructure projects. Orient Technologies is an IT solutions provider headquartered in Mumbai, with a portfolio spanning IT infrastructure, IT-enabled services, and cloud and data management services.
Despite the jump, the stock has recently been volatile, down 37% so far in 2026 and having ended six of the last nine months in the red. LiveMint Markets also notes the shares have lost nearly 56% from the record high of ₹613.50 and that public shareholders held a 29.3% stake as of the end of the June quarter.