Orient Tech bags ₹76.2 crore NPCI server order as shares test lows
Orient Technologies has secured a ₹76.2 crore server contract from India's retail payments umbrella body, offering a potential catalyst for a stock that has collapsed 56% from its peak and severely impacted retail investors.
Orient Technologies has secured a ₹76.2 crore order from the National Payments Corporation of India (NPCI) to supply enterprise servers. The contract, which excludes GST, is scheduled for execution over 18 weeks. Deliveries will include End-of-Sale support and a seven-year warranty, supported directly by the original equipment manufacturer.
For the Mumbai-based IT solutions provider, securing a contract from the umbrella organisation for India's retail payments systems is a notable endorsement. Orient Technologies categorizes its business into three verticals: IT infrastructure, IT-enabled services, and cloud and data management. The NPCI deal reinforces its capacity to execute large-scale technology projects within its core infrastructure segment.
The order arrives at a critical juncture for the company's equity. Orient Technologies shares have been in a prolonged downtrend, ending six of the last nine months in the red. The stock has plummeted 56% from its record high of ₹613.50, leaving it down 37% in 2026 alone after hitting an all-time low of ₹220 in March.
The recent price action has been particularly volatile. March marked the worst stretch, with a 24% plunge. Prior to that, the stock suffered a 22.3% decline in November and a 20% drop in January. This sustained sell-off has erased significant market capitalization and left the small-cap stock struggling to find a floor.
The sharp correction has heavily impacted retail wealth. As of the June quarter, public shareholders collectively held a 29.3% stake in the company. According to Trendlyne data, investors with individual holdings of up to ₹2 lakh controlled a 23% stake. An additional 1.97% was held by more than 20 retail shareholders with individual investments exceeding ₹2 lakh.
Conversely, the company's promoters own the remaining 70.7% of the stock. Four founders—Ajay Baliram Sawant, Ujwal Arvind Mhatre, Jayesh Manharlal Shah, and Umesh Navnitlal Shah—each hold between 17.6% and 17.61% of the equity. For the heavily exposed retail base, the NPCI contract will serve as a key indicator of whether new revenue pipelines can stabilize the stock's valuation.
