ITCONS E-Solutions Ltd Bags INR 55 Lakh Contract for Manpower Outsourcing from Ministry of Defence
ITCONS E-Solutions Ltd has secured a contract with the DG of Defence Estate, Department of Defence under the Ministry of Defence. The agreement involves providing manpower outsourcing services to the defense sector and holds a total value of INR 5518664.48.The contract outlines the deployment of five resources for a period of one year. ITCONS E-Solutions Ltd is set to commence work on July 01, 2026, with the contract scheduled to run until June 30, 2027, unless further extension is mutually agreed upon by both parties.
This deal marks a significant milestone for the company and highlights the trust placed in ITCONS E-Solutions Ltd by Government agencies. The transaction specifics confirm that the awarding entity is a domestic entity and that there are no interests of the promoter or the promoter group in the contracting organization, nor will the contract fall under related party transactions.
Key details regarding the new contract awarded to ITCONS E-Solutions Ltd include:
| Particulars | Details |
|---|---|
| Contracting Entity | DG of Defence Estate, Department of Defence, Ministry of Defence |
| Nature of Services | Manpower Outsourcing Services |
| Total Contract Value | INR 5518664.48 (Rupees Fifty-Five Lakh Eighteen Thousand Six Hundred Sixty-Four and Forty-Eight paise only) inclusive of all taxes and duties |
| Contract Period | One year, commencing July 01, 2026, till June 30, 2027 |
| Scope | Deployment of 5 resources |
| Entity Status | Domestic entity |
Stock Price Movement
At 12:55 PM, ITCONS E-Solutions Ltd shares are edging higher, currently priced at ₹288.50 after gaining 1.42%. The stock has demonstrated strong intraday volatility, having moved between a low of ₹273.20 and an intraday high of ₹298.00.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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