Tera Software secures order worth Rs. 288.64 cr, stock surges

Tera Software, the IT solutions provider, announced that it received orders for various categories of work in Andhra Pradesh Fiber grid Phase 1. The work order is divided into different sections such as operating and maintenance of PT equipment and connectivity projects for Rs. 288.64 cr.

AP Fiber Grid Phase - 1, is one very prestigious project from Andhra Pradesh State Fiber Net (APSFL) for spread fiber grid and other related works. The order work includes the operation & maintenance work of fiber grid network for a period spanning five years. The value of this project is Rs. 252.74cr.

Order further includes annual maintenance contract (AMC) for PT equipment for Agora Software and software for server of AP Fiber Grid project. This AMC includes services, repair, maintenance and replacement of software, license, hardware and other related equipment. This order is valued at Rs. 33.75cr.

Further, under AP Last Mile Connectivity Project, work worth Rs. 2.15cr will be done to provide optical fiber connectivity upto 622 connections to educational institutions from APSFL POP. AP last mile connectivity includes installation and configuration of Optical Fiber Connectivity to deliver services of AP Fiber Grid

Stock surged almost 12 per cent to touch intraday high of Rs. 48.80 on BSE. At 12.22 am, it traded at per share price of Rs. 45.75, up by 8.28 per cent from its last close. While the benchmark index, BSE Sensex traded 298.40 points down at 35,577.82.