Silver Touch Technologies shares climbed 5% on 8 July, hitting a day high of Rs 190.10 on the BSE, after a new order from RITES.

Let us break down what this order actually involves, in simple terms. RITES has hired Silver Touch to build an AI-based tool that will help evaluate large infrastructure projects.

This includes things like railways, highways, bridges, ports, airports, metros and tunnels across India. The tool is called PARAKH.

Think of it as a smart assistant that reads through lengthy project reports and checks whether they meet engineering and safety standards, something that would otherwise take teams of engineers a long time to do manually.

What makes this order stand out is how the system is being built. Everything will run inside RITES’ own secure servers rather than relying on external cloud services.

This means sensitive government project data never leaves their systems, which matters a lot for a public sector body handling national infrastructure information.

Silver Touch Executive Director Minesh V Doshi said the project shows the company’s ability to build serious AI systems for critical government use.

He added that keeping everything self-hosted was important for both security and data control. This is not a one-off win either.

The company has had a strong run lately. The stock is up 46% over the past month alone, and has delivered returns of over 150% in the past year.

For some context on the business itself, Silver Touch has been around since 1995 and works across e-governance, cloud computing, cybersecurity and enterprise software, mostly serving government and large corporate clients.

It’s trading at Rs 189.65 as of 13:26 pm, up 4.75% for the day.

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