Smart housing solutions provider bags order worth Rs 40.61 crore from NV-ITech Security Systems & Equipment Trading LLC, UAE
The stock is up by 73 per cent from its 52-week low of Rs 250.15 per share.
C2C Advanced Systems Limited has secured a significant international order from NV-ITech Security Systems & Equipment Trading LLC, based in the UAE. This contract, valued at Rs 40.61 crore, involves the deployment of sophisticated AI/ML-driven control automation systems tailored for smart housing solutions. A crucial aspect of this project includes the design and implementation of a robust cybersecurity architecture to protect programmable logic controllers (PLCs) and the associated communication and control infrastructure. The applications of these smart systems span across district cooling, fuel systems and building management systems, showcasing the breadth and depth of C2C Advanced Systems' capabilities.
Notably, C2C Advanced Systems has already executed Rs 1.85 crore of the total project value, with the remaining order of Rs 38.76 crores currently underway and expected to be completed within a 12-month timeframe. This new contract adds to C2C Advanced Systems' portfolio of successful international projects in the UAE, including previously executed contracts with Nimsmarts Technical Services for smart housing solutions with cyber security integration (valued at Rs 10.08 crores) and Solutions FZC for a device measuring district cooling efficiency with a cybersecurity layer (valued at Rs 4.88 crore). This consistent acquisition and execution of international projects underscores C2C Advanced Systems' expertise and growing presence in the global smart technology and cybersecurity domains.
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C2C Advanced Systems Limited is an Indian defence electronics solutions provider that is vertically integrated and focuses on indigenously developed defence products. The company leverages advanced technologies such as AI/ML, big data analytics, IIOT and embedded systems to develop proprietary software-driven systems and sub-systems for air, sea and land defence platforms. Their offerings include mission-critical defence applications, digital transformation products and dual-use solutions for Industry 4.0, encompassing areas like combat management systems, C4I systems, anti-drone technology, air defence sub-systems, drone command and control and electronic warfare systems.
The company has a market cap of over Rs 700 crore. The shares of the company have an ROE of 31.4 per cent and an ROCE of 39 per cent. The stock is up by 73 per cent from its 52-week low of Rs 250.15 per share.
Disclaimer: The article is for informational purposes only and not investment advice.