Icon Facilitators Limited Secures Contract from Cyient for Housekeeping and Technical Manpower Services
Icon Facilitators Limited has secured a contract with Cyient Limited to provide Housekeeping and Technical Manpower services, valued at Rs. 42,88,680. The agreement covers the provision of these essential services at Plot No. 7, Noida Special Economic Zone (NSEZ), Phase II, Noida-Dadri Road in Uttar Pradesh.The contract is governed by a Master Service Agreement between Icon Facilitators Limited and Cyient Limited. The duration for completing the services is specified as 365 days or 12 months, commencing from the agreement date.
Key details regarding the contract with Cyient Limited include:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Cyient Limited |
| Nature of Service | Housekeeping and Technical Manpower Services |
| Total Contract Value | Rs. 42,88,680 |
| Execution Period | 12 months (365 days) |
| Client Status | Domestic |
The transaction is noted as a domestic contract award. Regarding the terms of engagement, the company confirmed that none of its promoters have any interest in Cyient Limited. Furthermore, the services fall outside the definition of a Related Party Transaction, and the contract will be executed at arm's length.
Stock Price Movement
For Icon Facilitators Ltd on Wednesday, the shares finished at ₹63.11, ticking up 4.99% in the post-market close. The stock remained completely flat throughout the day, as its intraday high matched its low at ₹63.11.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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