Upper Circuit Alert: Advanced Metering Infrastructure Company Secures Prestigious Project in Goa
The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 590 per share.
On Wednesday, shares of CWD Ltd hit a 5 per cent upper circuit to Rs 1,202.25 per cent from its previous closing of Rs 1,145 per share. The stock’s 52-week high is Rs 1,228 and its 52-week low is Rs 590.
Digismart Network Private Limited and CWD Limited have formed a consortium that has successfully secured a prestigious Advanced Metering Infrastructure (AMI) project in Goa. They have received the Letter of Award from the Government of Goa – Electricity Department for the "Appointment of Advanced Metering Infrastructure (AMI) Service Provider for Smart Prepaid Metering in India on DBFOOT basis." This significant domestic project marks a crucial step in modernising Goa's electricity metering infrastructure.
Under this transformative project, the consortium will deploy and maintain 9 lakh smart prepaid meters, leveraging advanced IoT communication technologies. CWD Limited, a global IoT design house, will provide its expertise in integrated IoT solutions and wireless communication modules, while Digismart Network Private Limited, specialising in Narrowband RF mesh networks, will handle the integration, implementation, and on-ground deployment.
Together, they will deliver an end-to-end solution aimed at enhancing energy efficiency, improving service delivery, and promoting sustainability across Goa. The project involves deployment and maintenance over a period of 10 years, aligning with India's broader digital transformation initiatives and the companies' goals to expand their footprint in the IoT and smart energy sectors, though the broad consideration or size of the order remains undisclosed due to competitive sensitivity.
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About the Company
CWD Ltd, founded in 2016, is an information and communication technology company that specialises in designing, developing, manufacturing and selling integrated software-electronic solutions. Their focus is on wireless technologies ranging from short-range radio (NFC, Bluetooth, Wi-Fi) to long-range communication (5G LTE).
They operate in two segments: consumer electronics and enterprise/business technology solutions. CWD offers a variety of products, including smart medical devices, vaccine trackers, cattle tracking devices, smart meter conversion kits, employee safety solutions, smart lighting components and Bluetooth modules for various applications.
The company has a market cap of over Rs 380 crore. The stock has given multibagger returns of over 100 per cent from its 52-week low of Rs 590 per share.
Disclaimer: The article is for informational purposes only and not investment advice.