Synopsys:
Eraaya Lifespaces Ltd has obtained a brand new order from Maharashtra State Highway Transport Company (MSRTC) value Rs.140 Cr.
The shares of this micro cap that engaged in advertising and marketing companies and help companies are in focus after receiving a brand new order value of Rs.140 Cr from Maharashtra State Highway Transport Company (MSRTC)
With a market capitalization of Rs. 948 Crores, the shares of Eraaya Lifespaces Ltd opened at Rs. 50.71 per fairness share, from its earlier day’s closing value of Rs. 50.71 and closed the day’s commerce at Rs. 49.7 hitting a 2 p.c decrease circuit.
Order particulars
Ebix Applied sciences Restricted, a subsidiary of Eraaya Lifespaces Ltd, has secured a big order value Rs.140 crore from the Maharashtra State Highway Transport Company (MSRTC). The order is to implement India’s first statewide Nationwide Widespread Mobility Card (NCMC) system for concessional passengers.
MSRTC has made NCMC smartcards necessary for concessional passengers, whereas non-compulsory for normal ones. Within the first yr,over 70 lakh playing cards shall be issued, increasing to 2 Crore throughout Maharashtra through 3000 shops by Ebix Applied sciences.
The Playing cards might be recharged on-line or offline and it’ll use Aadhaar-based authentication APIs to confirm the residents. This technique is predicted to deal with Rs.2000 Cr In digital Transactions yearly bettering comfort and transparency.
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Firm Particulars
Eraaya Lifespaces Ltd is an Indian firm that focuses on offering digital expertise options, particularly in sectors like transport and public companies. By way of its subsidiary, Ebix Applied sciences, the corporate works on good initiatives comparable to digital ticketing, mobility playing cards, and different tech-driven companies that assist enhance comfort for folks and effectivity for presidency methods.
The corporate’s income from operations decreased by 88 p.c from Rs. 15.45 cr in Q4FY24 to Rs. 1.88 Cr in Q4FY25, accompanied by revenue of Rs. 22 Lakh to a lack of Rs. 6 Crores.
Written by Sudeep Kumbar
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