Rolta surges on receiving $4 million 3D City Modeling project

24 Feb 2014 Evaluate

Rolta India is currently trading at Rs. 75.35, up by 1.40 points or 1.89% from its previous closing of Rs. 73.95 on the BSE.

The scrip opened at Rs. 73.80 and has touched a high and low of Rs. 75.80 and Rs. 73.50 respectively. So far 316173 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 78.65 on 15-Jan-2014 and a 52 week low of Rs. 50.00 on 12-Jun-2013.

Last one week high and low of the scrip stood at Rs. 75.80 and Rs. 67.00 respectively. The current market cap of the company is Rs. 1215.61 crore.

The promoters holding in the company stood at 50.32% while Institutions and Non-Institutions held 19.69% and 28.88% respectively.

Rolta has been awarded a prestigious 3D City Modeling contract valued at $4 million by a major Middle-Eastern country. Rolta is an early mover in developing, adopting and mastering the technologies required to address this emerging trend of using 3D City Models for planning and e-governance. The Company first won a project for establishing a large 3D map for Dubai. This was followed by multi-million dollar add-on awards from Dubai, a contract from the Sultanate of Oman, and the path-breaking $25 million project recently awarded by Abu Dhabi. With these significant wins, Rolta has established an enviable track-record for creating 3D City Models, and has developed a library of its own sophisticated software tools, work-flows and specialized skills.

This project entails the creation of a 3D City model over a large urban area of 3,000 sq. km. Modeling a city in 3D involves deployment of very sophisticated technologies, such as aerial oblique imaging, photogrammetric mapping, street-view imaging, GPS surveys, laser-scanning, and integration of numerous disparate data sources into a special-purpose data-model that lends itself to spatial analysis.

Rolta India conducts business in India, and internationally through subsidiaries in various countries. Rolta is a leading provider of innovative IT solutions built around its intellectual property for many vertical segments, including Federal and State Governments, Defence, Homeland Security, Utilities, Process, Power, Financial Services, Manufacturing, Retail, and Healthcare.

Rolta India Share Price

3.32 -0.15 (-4.32%)
04-Oct-2024 16:01 View Price Chart
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