Esconet Technologies Secures ₹25.74 Crores Order for Hardware Components from C-DAC
Esconet Technologies Limited has secured a significant contract worth approximately ₹25.74 Crores from the Centre for Development of Advanced Computing (C-DAC) in Pune. The order involves the supply and installation of specialized hardware components for the advanced computing center.The contract is governed by a purchase order, stipulating necessary scope, specifications, performance standards, and timelines. Esconet Technologies will be responsible for both the delivery and installation of the required Hardware parts as per the established schedule.
This domestic contract highlights Esconet's involvement in providing essential technology infrastructure to C-DAC.
Key details regarding the awarded order are presented below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Centre for Development of Advanced Computing (C-DAC) - Pune |
| Nature of Order | Delivery and installation of Hardware parts |
| Type of Entity | Domestic Entity |
| Broad Consideration | Approximately ₹25.74 Crores (excluding GST) |
The contract terms encompass the full scope, specifications, and performance standards required by C-DAC. Furthermore, both Esconet Technologies Limited and its promoter group hold no interest in the entity that awarded the order, and the transaction is not considered a related party transaction.
ESCONET Stock Price Movement
Esconet Technologies Limited shares slipped by 0.70% to settle at ₹121 today after trading in the Information Technology sector. The equity registered a volume of 5,200 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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