Virtual Galaxy Infotech wins Rs 19.78 crore Core Banking project order from Osmanabad District Central Co-op Bank
Virtual Galaxy Infotech Limited (VGIPL), a BSE SME-listed company, announced that it has secured a work order worth approximately Rs 19.78 crore (excluding taxes) from The Osmanabad District Central Co-operative Bank Limited.
The contract involves the supply, installation, commissioning, and management of a Core Banking Solution, including Data Center setup, Disaster Recovery (DR) site, networking, and connectivity. The project will be executed under a Hybrid SaaS (CAPEX/OPEX) model and will cover a service period of seven years from the project's go-live date.
According to the company's filing with the National Stock Exchange on July 2, 2025, Virtual Galaxy is expected to complete the initial implementation within 10 days from the purchase order date.
This is a renewal purchase order from the bank, reflecting Virtual Galaxy's continued engagement with the client in delivering IT infrastructure and banking technology solutions.
At the time of reporting, shares of Virtual Galaxy Infotech were trading 2.36% higher at Rs 62.25 on the NSE SME platform.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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