What’s new

• Silver Touch wins contract from RITES to build PARAKH, an AI-based DPR appraisal platform.
• Platform self-hosted inside RITES' secure data centre with zero external data egress.
• No order value disclosed; project won through GeM competitive process.

Why it matters

This marks Silver Touch's transition from IT services to AI platform provider, creating a referenceable project in government infrastructure. For a ₹2,341 cr market cap firm, it could unlock further government AI mandates, but the lack of disclosed value tempers near-term revenue visibility.

What we’re watching

• Whether Silver Touch discloses order value in subsequent filings.
• Potential repeat orders from other PSUs for similar AI appraisal platforms.
• Execution timeline and any revenue contribution in FY27.

The full read

Silver Touch Technologies has won a contract from Navratna PSU RITES to build PARAKH, an AI platform for appraising Detailed Project Reports in India's infrastructure sector. The system will run three open-source LLMs on NVIDIA A100 GPUs inside RITES' secure data centre, with 500+ engineering validation rules and a four-layer hallucination prevention framework. For a small-cap firm with a ₹2,341 cr market cap, this is a strategic leap from IT services to a self-hosted AI platform. The competitive GeM award provides credibility. But without a disclosed order value, the financial impact remains unquantified. The open question is whether this becomes a scalable product or remains a single reference project.

Primary source: BSE · NSE