Shares of Trigyn Technologies were locked at 5 percent upper circuit at Rs 111.50 on Thursday after its subsidiary received IT contract from the independent agency of United States government.
"Trigyn Technologies Inc, a Delaware Corporation, has been awarded a United States General Services Administration schedule contract, designating the company as an approved vendor on the GST's IT Schedule 70, the largest & most widely used acquisition vehicle in the Federal Government," the Mumbai-based IT services provider.
The initial duration of award is for a period of five years, December 19, 2016 through December 18, 2021.
This contract enables government agencies, Federal, State and Local, to more easily acquire and benefit from Trigyn's IT professional services.
"This award will facilitate company's continued expansion of its public sector business, which currently encompasses services in more than 15 US states," Trigyn said.
At 10:38 hours IST, the stock was quoting at Rs 111.50, up Rs 5.50, or 5.19 percent on the BSE.
Posted by Sunil Shankar Matkar