Canarys Automations Limited Secures ₹5.9 Crore Contract from Compviz Technologies for Advanced Softw

Team Finance Saathi

    21/Mar/2025

What's covered under the Article:

  1. Canarys Automations Limited secures a ₹5.9 crore contract from Compviz Technologies for developing advanced software solutions, including EHP Inspection Data visualization and a Defect Tracking Module.

  2. The collaboration aims to enhance infrastructure monitoring using cutting-edge drone and AI technologies, optimizing asset lifespan and power supply quality.

  3. This contract underscores Canarys' commitment to digital transformation and positions them for large-scale global engagements.

In a significant development within the IT sector, Canarys Automations Limited, a Bengaluru-based IT solutions provider, has been awarded a substantial contract worth ₹5.9 crore by Compviz Technologies Private Limited. This collaboration underscores Canarys' commitment to delivering advanced software solutions and marks a pivotal moment in their journey towards digital transformation.​NSE India

Contract Details and Scope

The contract encompasses the design and development of two critical software solutions:​

  • Software 1: EHP Inspection Data Visualization
    This involves creating an Android mobile application tailored for visualizing EHP (Extra High Voltage) inspection data. Such a tool is essential for efficient monitoring and maintenance of high-voltage power transmission infrastructure.​

  • Software 2: Defect Tracking Module
    This module aims to streamline the identification, tracking, and resolution of defects within systems, ensuring operational efficiency and reliability.​

Additionally, the contract includes comprehensive data services:​

  • Data Gathering and Consolidation
    Collecting and unifying data from various sources to ensure a cohesive dataset for analysis.​

  • Data Validation and Processing
    Ensuring the accuracy and integrity of the data, making it ready for insightful analysis.​

  • Data Analysis and Reporting
    Interpreting the data to derive actionable insights and presenting them in an accessible format for stakeholders.​

Financial and Operational Aspects

The contract, valued at ₹5,90,00,000 (Rupees Five Crores Ninety Lakhs Only), stipulates immediate commencement upon receipt of the purchase order. Payment terms are set at 30 days from the date of invoice, reflecting a clear and mutually agreeable financial framework.​

Strategic Implications and Future Prospects

This collaboration is not an isolated achievement for Canarys. The company has also secured the prestigious EHV Patrolling project for Karnataka Power Transmission Corporation Limited (KPTCL), covering an extensive 3,300 km across key zones in Karnataka. By harnessing cutting-edge drone and AI technologies, Canarys is revolutionizing infrastructure monitoring. This approach enables proactive issue detection, strategic preventive maintenance, and maximization of asset lifespan, efficiency, and power supply quality.​

Mr. Raghu Pavan, Chief Information Officer (CIO) of Canarys Automations Limited, expressed his enthusiasm about these developments, stating that these projects align with the company's mission to provide advanced solutions. He emphasized that such initiatives unlock new opportunities for innovation and growth, underscoring the trust clients place in Canarys' ability to deliver high-quality services and solutions.​

Company Overview

Established in 1991, Canarys Automations Limited has evolved into a leader in digital transformation. The company offers a wide array of services, including digitalization, application modernization, and AI-driven solutions. Their commitment to innovation and excellence has positioned them as a trusted partner for clients seeking comprehensive IT solutions.​

Conclusion

The contract with Compviz Technologies and the EHV Patrolling project with KPTCL highlight Canarys' dedication to delivering top-notch solutions. These achievements mark significant milestones in their journey, unlocking new avenues for innovation and growth. They also underscore the trust clients place in Canarys' ability to provide high-quality services and solutions.​

For readers interested in exploring more about investment opportunities and staying updated with the latest news, consider visiting Finance Saathi for comprehensive IPO reviews and market insights.

The Upcoming IPOs in this week and coming weeks are Arisinfra Solutions LimitedDesco Infratech LimitedATC Energies System LimitedShri Ahimsa Naturals Limited.


The Current active IPO are Rapid Fleet Management ServicesActive Infrastructures Limited,Grand Continental Hotels.


Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.


Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.

Related News

Disclaimer

The information provided on this website is for educational and informational purposes only and should not be considered as financial advice, investment advice, or trading recommendations.

Trading in stocks, forex, commodities, cryptocurrencies, or any other financial instruments involves high risk and may not be suitable for all investors. Prices can fluctuate rapidly, and there is a possibility of losing part or all of your invested capital.

We do not guarantee any profits, returns, or outcomes from the use of our website, services, or tools. Past performance is not indicative of future results.

You are solely responsible for your investment and trading decisions. Before making any financial commitment, it is strongly recommended to consult with a qualified financial advisor or do your own research.

By accessing or using this website, you acknowledge that you have read, understood, and agree to this disclaimer. The website owners, partners, or affiliates shall not be held liable for any direct or indirect loss or damage arising from the use of information, tools, or services provided here.

onlyfans leakedonlyfan leaksonlyfans leaked videos