Allied Digital Services Share Price Zooms Over 6% on Bagging ₹420+ Crore Deal from European Pharmaceutical Company

Summary: Allied Digital Services Ltd has won a ₹420 crore five-year contract from a top European pharma firm to deliver digital workplace solutions across 66 countries, enhancing IT support, collaboration tools, and user experience for over 120,000 employees.

Allied Digital Services Limited has secured a major ₹420 crore contract from a leading European pharmaceutical giant to revamp its global digital workplace. The announcement led to a sharp rise in the company's share price during Wednesday’s trading session.

Allied Digital Secures ₹420 Crore Deal

Allied Digital Services Limited, a global provider of IT services and a Master System Integrator (MSI), has announced that it has been awarded a significant five-year contract valued at ₹420 Crore by a leading European multinational pharmaceutical company, a recognised marquee name in the global pharmaceutical industry. This landmark agreement is set to revolutionise the digital workplace for more than 120,000 employees across 66 countries spanning the Americas, Europe, and the Middle East.

This substantial win underscores Allied Digital's expanding global reach and its expertise in delivering comprehensive digital workplace solutions. The extensive scope of the contract encompasses a wide array of IT services, including desk-side and hardware support, the management of collaboration and meeting room technologies, and audio-video platform support. Furthermore, Allied Digital will provide Installation, Move, Add, and Change (IMAC) services for end-users and will establish dedicated IT experience centres in key regions to significantly enhance user satisfaction.

The contract, valued at ₹420+ Crore over five years, validates Allied Digital's global capabilities and highlights its proficiency in executing large-scale, complex, and transformative projects, thereby solidifying its position as a trusted provider of enterprise-grade solutions. This strategic engagement is poised to position Allied Digital as a crucial partner in modernising the client’s digital infrastructure and elevating the overall employee experience on a global scale. 

Allied Digital Services Share Price Jumped Over 6% on Wednesday

On Wednesday, the share price of Allied Digital Services jumped over 6% after bagging a ₹420 crore contract. As of 11:52 am IST, the stock price was ₹179.69 per share, up by 3.75%. 

On a year-to-date basis, the stock price has seen a decline of 23.41%, while in the longer period of 5 years, the stock price has jumped by over 873%.