The aggregate value of the aforesaid purchase order is Rs 11.93 crore, the IT firm stated.

The said contract has to be executed till December 2024.

Newgen is an information technology (IT) product company, which provides solutions in enterprise content management, business process management and customer communications management platforms. These platforms help clients digitise and manage content and document flow process. The major customers of the company are organisations belonging to sectors such as banking, telecom and insurance.

The company had recorded 61.6% fall in consolidated net profit to Rs 302 crore on a 17.5% fall in revenue from operations to Rs 2,517 crore in Q1 FY24 as compared with Q4 FY22.

The scrip fell 3.41% to currently trade at Rs 817.55 on the BSE.