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Onward Technologies Bags Engineering Services Contract Worth INR330 Million; Shares Jump 11%

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Onward Technologies (NSE:ONWARDTEC, BOM:517536) has secured an order worth 330 million Indian rupees from an undisclosed power management company, according to a Thursday filing to the Indian stock exchanges.

The company's shares surged nearly 11% in recent trade.

The engineering services contract is for launching a dedicated offshore development center to enable faster execution towards supporting their data center business unit.

The project is expected to be executed in three years.

The company's shares surged nearly 11% in recent trade.

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