India: In the share market on Monday, Rolta’s share price soared by over 6%, as the company announced that it has been selected to provide a transformational geospatial solution valued at USD 10.8 million for one of the largest countries in the Middle East.
This solution will be an integral element for supporting a prestigious national level Digital Transformation program to fulfil their vision spanning over the next 15 years.
The company has been entrusted to create a seamless digital repository comprising of up-to-date mapping and geospatial information covering the entire nation with an integrated bilingual Geoportal for secure multi-channel dissemination and collaboration.
Rolta’s Cloud-enabled IP led Geospatial Fusion together with Spatial Analytics suites will form the core for the Geoportal which supports innovative enhancements for elevation and geodetic services, integration of hydrographic data, etc.
The stock was trading at Rs 62.60, up by 6.37% on BSE at 1033 hours. It opened at Rs 59.30, while on Friday trading session it closed at Rs 58.85.
The company’s stock is currently trading above its 200 DMA.