Onward Technologies Renews ₹44.46 Crore Digital Services Contract; Shares Rise 0.30%

Mumbai September 21: Onward Technologies Limited has renewed a multi-year Managed Digital Services contract worth ₹44.46 crore with one of the world’s leading manufacturers of construction and mining equipment, extending the engagement from August 2026 to August 2029.

The renewed contract is 72% higher in value than the previous agreement, according to the company’s exchange disclosure dated September 21, 2026.

Onward Technologies Renews Three-Year Digital Services Contract

As per the regulatory filing, the renewed agreement is an outcome-based Managed Digital Services contract with a three-year tenure. The engagement will be delivered entirely offshore through Onward Technologies’ India delivery centres.

The company will support the customer’s global e-commerce and aftermarket business platforms. The scope covers application development and enhancement, cloud-native engineering, microservices architecture, API development, testing, deployment and integration services.

The customer has not been named in the filing and is described as a leading global manufacturer of construction and mining equipment.

Stock Market Snapshot

The Onward Technologies share price stood at ₹288.05, up ₹0.85 or 0.30%, as of 3:15:58 PM IST on September 21, 2026, according to the market data shown.

The stock opened higher and briefly moved towards ₹295 during the morning session before settling into a narrower range. It remained around ₹288 in afternoon trade at the latest available timestamp.

The shares were therefore trading marginally higher as the company disclosed the renewed contract.

Contract Value Rises 72% From Previous Deal

The latest agreement represents a 72% increase in value compared with the previous contract, highlighting the larger scope of the renewed engagement.

The aggregate value of the contract is ₹44.46 crore over the three-year period from August 2026 to August 2029. The company will provide the services from its India-based delivery centres.

Onward Technologies said the renewal reflects the customer’s continued confidence in its delivery capabilities and strategic relationship.

Digital Engineering Services Cover E-Commerce Platform

The contract is focused on digital engineering and application services supporting the customer’s e-commerce and aftermarket operations.

Onward Technologies will work across cloud-native application engineering, microservices, APIs and DevOps-enabled delivery. The scope also includes application testing, deployment and integration.

The arrangement gives the company a multi-year engagement rather than a one-time project, with services continuing through August 2029.

Onward Technologies Builds Digital Engineering Business

Onward Technologies provides digital engineering and research and development services across technology-driven industries.

Its business includes application engineering, cloud and digital transformation, product engineering and related technology services. The company works with customers across sectors that require engineering and technology support for their products and business platforms.

The latest contract renewal adds another long-duration engagement to this business and expands the value of an existing customer relationship.

Conclusion

Onward Technologies has renewed a three-year Managed Digital Services contract worth ₹44.46 crore with a global construction and mining equipment manufacturer.

The agreement runs from August 2026 to August 2029 and covers application development, cloud-native engineering, microservices, APIs, testing, deployment and integration. The renewed contract is 72% higher in value than the previous agreement.

Meanwhile, the Onward Technologies share price was at ₹288.05, up ₹0.85 or 0.30%, as of 3:15:58 PM IST on September 21, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/ONWARDTEC/Onward-Technologies-Limited
• https://nsearchives.nseindia.com/corporate/MD11015_21092026151047_Updated_Stock_Exchange_Intimation_-_Contract_Renewal.pdf