Happy Square Outsourcing Services Lands Rs 91.41 Lakh Contract from MIDHANI
Happy Square Outsourcing Services Limited has secured a new Work Order valued at approximately Rs 91.41 Lakhs from Mishra Dhatu Nigam Limited (MIDHANI). The contract, which is part of the ordinary course of business for White Force, the premium brand of Happy Square, is expected to strengthen the company's order book and generate revenue over its duration.The awarded work order details confirm that the assignment is with a domestic entity, and the services are anticipated to run up until March 31, 2028. The contract terms require the contractor to adhere to all applicable labour laws, including timely payment of statutory dues such as PF and ESI. Payments are contingent on satisfactory service delivery and verification of supporting documents.
The following table summarizes the key commercial details of the contract:
| Detail | Information |
|---|---|
| Client Entity Name | Mishra Dhatu Nigam Limited (MIDHANI) |
| Contract Value | Approximately Rs 91.41 Lakhs, inclusive of all taxes |
| Nature of Business | Ordinary course of business |
| Execution Period | Up to March 31, 2028 |
| Relationship Status | Not a related party transaction |
The rationale provided for securing the contract is that it is expected to generate approximately Rs 91.41 Lakhs in revenue over the service period. The company confirmed that no advance payment is payable under the terms of this work order.
WHITEFORCE Stock Price Movement
Shares of Happy Square Outsourcing Services Limited are surging in live trading, rising by 4.96% and reaching ₹42.35 as of 3:17 PM. Traded volume stands at 3,200 shares as the equity trades near its day high.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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