Wipro stock to be in focus on Friday on securing multi-year ‘smart grid’ deal from Saudi Electric company
Shares of Wipro, the country’s fourth-largest tech company, are likely to be on investors’ radar during Friday’s trading session after the company announced a multi-year strategic contract from Saudi Electric Company—National Grid SA. The company said it will implement a Smart Meter Data Management (MDM) system for the transmission network to modernize the client’s meter data platform, enhance operational efficiencies, and better manage risks, according to Thursday regulator filing.
“We are excited to build a long-standing relationship with National Grid SA and are dedicated to assisting them in navigating the evolving energy landscape,” said Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited.
