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Newgen Software Technologies Ltd has received a purchase order worth about ₹32 crore from the Reserve Bank of India (RBI) for the implementation and maintenance of the Regulatory Application Management System (RAMS).
The aggregate value of the aforesaid purchase order is ₹32.44 crore (inclusive of 18 per cent GST), per the company’s regulatory filing. The order is to be executed in seven years.
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This puchase order is subject to acceptance to all the terms and conditions as mentioned in RFP and the purchase order by Newgen.
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