CMS Info Systems Shares Soar 7% on Landmark Rs 1,000-Cr SBI Contract Win

Business
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Moneycontrol•07-01-2026, 13:51
CMS Info Systems Shares Soar 7% on Landmark Rs 1,000-Cr SBI Contract Win
- •CMS Info Systems shares surged 7% to a 2-month high after securing a Rs 1,000-crore contract from State Bank of India (SBI).
- •The 10-year contract, starting January 2026, covers 5,000 bank-owned ATMs across India for managed services.
- •The deal aims to improve cash efficiency and deliver higher ATM uptime for millions of bank customers.
- •CBO Anush Raghavan stated the contract will deliver incremental revenue growth of Rs 500 crore.
- •This win strengthens CMS's long-standing relationship with SBI, building on previous projects like ALGO MVS™ and HAWKAI™.
Why It Matters: CMS Info Systems' shares jump on a major 10-year, Rs 1,000-crore SBI contract for ATM services.
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