IT stock hits upper circuit after it receives order worth ₹5,104 Cr from BharatNet ProjectIT stock hits upper circuit after it receives order worth ₹5,104 Cr from BharatNet Project

Introduction:

Leading IT company, in consortium with ITI Ltd., has received a revised Advance Work Order from BharatNet for the Middle Mile Network in Himachal Pradesh, West Bengal, and Andaman & Nicobar, now valued at ₹5,104 crore.

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Share price movement of Tera Software:

On January 23, 2025, Tera Software Ltd. opened at ₹237.05, up 1.98% from its previous close of ₹232.45. The stock reached a high of ₹237.05 and remained at that level. By 10:14 AM, it traded at ₹237.05, with a market cap of ₹296.59 crore.

Tera Software Secures Revised BharatNet Contract:

Tera Software Limited, in consortium with ITI Ltd., has received a revised Advance Work Order (AWO) from the BharatNet Project for the Middle Mile Network in Himachal Pradesh, West Bengal, and Andaman & Nicobar. The revised value is ₹5,104 crore.

The AWO, which was previously valued at ₹5,049 crore, was updated through a corrigendum received on January 22, 2025. The project will focus on the design, supply, construction, installation, upgradation, and maintenance of the Middle Mile Network for BharatNet Phase-3.

This project will enhance connectivity by delivering services to 2.5 lakh Gram Panchayats under BharatNet’s Phase-3 initiative. The DBOM model will ensure effective creation, upgradation, operation, and maintenance of the network in the specified regions.

Ace investor holding in Tera Software:

Mahendra Girdharilal

Mahendra Girdharilal holds a 1.25% stake in Tera Software Ltd., owning 156,209 shares. This reflects his significant investment in the company, which highlights his confidence in the company’s growth prospects and potential in the IT sector.

Stock performance of Tera Software for Period of 1 week, 6 months and 1 year:

Tera Software Ltd. has shown impressive performance with an 8.23% return over the past week. Over the last six months, the stock surged 197%, and it has delivered a remarkable 252% return in the past year, reflecting strong growth.

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Shareholding pattern of Tera Software:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	47.50%	47.50%	47.50%
FII	0%	0%	0.00%
DII	0%	0%	0%
Public	52.50%	52.50%	52.50%

About Tera Software:

Tera Software Ltd. (NSE: TERA) is an IT services company providing hardware, software, and integrated services. It specializes in BOOT projects, serving government organizations across India with long-term contracts and over 3000 outlets.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.