Arisinfra Unit Secures Service Order for Panvel Township Project
Arisinfra Solutions (NSE:ARIS, BOM:544419) secured a service order from Wadhwa Construction & Infrastructure, through its subsidiary Arisunitern Re Solutions Pvt. Ltd., according to an Indian bourse filing on Wednesday.The company's shares rose over 2% in Thursday's trade.The order is for the deployment of the company's proprietary "Developer-as-a-Service" platform at the Wadhwa Wise City project in Panvel, the filing said. The contract also includes the utilization of the company's "Catalyst" module to support execution and monetization of near-completion project phases, the filing said.The contract carries an estimated achievement value of up to 4 billion Indian rupees out of the gross development value of about 6.50 billion rupees, according to the filing.The contract commenced on May 1 and is valid for eight months, the company said.
