Accel Frontline (AFL) announced that it has bagged multiple IT infrastructure management (IMS) contracts in the recent months.

The company has bagged more than 30 new IT Services contracts with overall value in excess Rs 250 million in the third quarter of the financial year. The includes Rs 45 million order from one of the city corporations, Rs 20 million order each from a defence and aerospace company based in Bangalore and a large integrated ICT solutions and services company based in Chennai.

Earlier this year, the company has also bagged new multiyear service contracts valued Rs 50 million and above from a leading South based Bank and a leading telecom infrastructure solutions company. Contracts above Rs 20 million each from a Pune based optical fibre manufacturing company and a major oil refinery, among others.

Shares of the company gained Rs 1.55, or 1.84%, to settle at Rs 86. The total volume of shares traded was 3,490 at the BSE (Tuesday).