Four penny stocks have captured investor attention following announcements of fresh work orders worth a combined ₹41.73 crores, spanning diverse sectors from IT infrastructure to agricultural drones. These contract wins demonstrate growing business momentum and revenue visibility for companies in the small-cap segment.

Major IT Infrastructure Contract

ACS Technologies secured the largest order among the four companies, receiving a significant contract from Andhra Pradesh Urban Infrastructure Asset Management Limited. The IT firm, established in 1980 and specializing in system integration and IoT solutions, will execute this project as part of a consortium with Dreamstep Software Innovations Private Limited.

Power Sector Cable Supply

Sharika Enterprises Limited, a power sector specialist established in 1998, received a purchase order from LS Cable India Private Limited for optical ground wire cables. The company focuses on power generation, transmission, and distribution services with expertise in smart grid technologies.

Agricultural Drone Maintenance

Drone Destination Limited, India's first DGCA-authorized Remote Pilot Training Organisation, secured a maintenance contract supporting the government's digital agriculture initiative. The company operates an integrated ecosystem covering drone manufacturing, pilot training, and drone-as-a-service offerings.

Environmental Consulting Services

Techknowgreen Solutions Limited, a Pune-based environmental consulting firm established in 2001, won a specialized advisory contract from Web Werks (India) Private Limited. The company provides sustainable solutions for regulatory compliance and infrastructure development across multiple sectors.

Market Response and Sector Diversity

The market response to these announcements varied, with three of the four companies experiencing positive share price movements. The contracts span multiple high-growth sectors including digital infrastructure, renewable energy transmission, precision agriculture, and environmental compliance. These developments highlight the diverse opportunities available within the penny stock segment and demonstrate how smaller companies are participating in India's digital transformation and sustainable development initiatives.

ACS Technologies Limited has announced the execution of a substantial agreement with the Andhra Pradesh Commercial Taxes Department, marking a significant business development for the technology services company. The agreement, valued at ₹13.61 crore, was disclosed to BSE Limited on January 20, 2026, under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Agreement Details and Scope

The comprehensive contract involves multiple technical components for the Andhra Pradesh government's tax administration system. The project encompasses development, maintenance, integration, and management of applications specifically for the AP Commercial Taxes Department. Additionally, the agreement includes maintenance of infrastructure and integration with several key government systems including GSTN, NIC, CFMS, and other government departments.

Regulatory Compliance and Corporate Structure

The company has confirmed full compliance with regulatory requirements, stating that the agreement falls under domestic operations. Key compliance aspects include:

• No promoter or group company interest in the awarding entity
• The contract does not constitute a related party transaction
• All terms and conditions are governed by the executed agreement
• Proper disclosure under SEBI regulations maintained

Company Profile and Certifications

ACS Technologies Limited operates with over 40 years of service excellence in the technology sector. The company maintains robust quality standards through multiple ISO certifications, including ISO 9001, 20000, 22301, 26000, and 27001. The organization has established branch offices in key Andhra Pradesh locations, including Visakhapatnam and Vijayawada, positioning it strategically for regional government projects.

Strategic Significance

This agreement represents ACS Technologies' continued engagement with government digitization initiatives, particularly in the critical area of commercial tax administration. The project involves integration with multiple government systems, demonstrating the company's technical capabilities in handling complex, multi-platform government technology solutions. The substantial contract value of ₹13.61 crore underscores the scope and importance of modernizing Andhra Pradesh's commercial tax infrastructure.