Comments
AGS Transact Technologies Ltd’s shares were up by 9.32 per cent after the company secured an order for 1,350 ATMs from the State Bank of India (SBI). The ATMs are to be deployed nationwide during FY24.
Stanley Johnson, Executive Director, said, “This order contributes to the growth of our Banking Automation Solutions segment, encompassing the sale of automation solutions and long-term annual maintenance contracts. The demand for ATMs/ CRMs in the payment industry remains robust, and this order reinforces our position in the market.”
The company has completed the integration of 8,000 ATMs/ CRMs for Punjab National Bank and Union Bank of India under its managed services portfolio. As of September 30, 2023, the company has an extensive footprint, with 77,658 ATMs/ CRMs installed, managed, or maintained across 2,200 cities and towns in the country.
The shares were up by 9.32 per cent at Rs 67.45 at 10.11 am on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.