Silver Touch Technologies Emerges as Successful Bidder for New E-Governance Project; Shares Down 5%

MT Newswires Live

Jan 22

Information technology company Silver Touch Technologies (NSE:SILVERTUC, BOM:543525) has been selected as the successful bidder for an e-governance project by the Transport Department, State Government of Uttar Pradesh, India, according to a Thursday filing to the Indian stock exchanges.

The project involves end-to-end supply, personalization, printing, dispatch, and delivery of smart card driving licences (SCDL) across Uttar Pradesh.

It also entails the provision of associated IT systems, application development, infrastructure deployment, operations, and maintenance. As part of the mandate, the company will be responsible for delivering a secure and scalable digital solution supporting citizen services across all regional transport offices and assistant regional transport offices in the state.

The company's shares were down 5% in recent trade.

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