Hiliks Technologies Secures Sub-contract Order worth Rs 37.75 Crores for Railway Signaling Project
Hiliks Technologies Ltd has secured a significant sub-contract order from Railone Projects Private Limited, totaling Rs 37,75,52,866/-. The contract involves providing Signaling and Telecommunication works related to the Motumari-Vishnupuram Doubling Project in Telangana and Andhra Pradesh states.This recent acquisition brings the cumulative value of pending orders for Hiliks Technologies Ltd to Rs 70 Crores.
The sub-contract order, which was awarded by Railone Projects Private Limited, covers specialized Signaling and Telecommunication works intended for execution over an 18-month period.
Key details regarding the new contract are summarized below:
| Feature | Details |
|---|---|
| Order Awarding Entity | Railone Projects Private Limited (for EPC Contract from South Central Railway Zone) |
| Nature of Order | Sub-Contract Order |
| Project Scope | Signaling and Telecommunication works for Motumari-Vishnupuram Doubling Project in Telangana & Andhra Pradesh |
| Order Value | Rs 37,75,52,866/- |
| Time Period for Execution | 18 Months |
The order was received from the domestic entity, Railone Projects Private Limited. The company confirmed that the transaction does not involve related party matters or any interest held by the promoter or promoter group companies in the contracting entity.
Stock Price Movement
As of 12:15, Hiliks Technologies Ltd. is edging lower at ₹56.50, marking a drop of -1.67%. The stock has moved within an intraday range, with shares trading between the low of ₹55.00 and the high of ₹61.00.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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