Karnataka State Fire Service Contract Canceled for Prostarm Info Systems Ltd
Prostarm Info Systems Ltd has confirmed that its status as a potential contractor with the Karnataka State Fire and Emergency Services has been canceled by the state department. This cancellation pertains to a contract related to the supply, installation, testing, and commissioning of specialized equipment.Previously, the company had been identified as the L-1 bidder by the Karnataka State Fire and Emergency Services for this specific requirement. However, the contract execution process has concluded with the services department cancelling the arrangement.
The scope of work involved provided by Prostarm Info Systems Ltd was the Supply Installation Testing and Commissioning of 3 KVA UPS with Battery conforming to IS 16242. Prior to the cancellation, the company's L-1 bidder status had been held in anticipation of a finalized order or contract.
Key details regarding the cancelled engagement are presented below:
| Particulars | Details |
|---|---|
| Name of Parties | Karnataka State Fire and Emergency Services |
| Nature of Contract | Supply Installation Testing and Commissioning of 3 KVA UPS with Battery Conforming to IS 16242 |
| Date of Execution | Not Applicable. The company was declared L-1 bidder, but no order or contract was executed. |
| Reason for Termination | Cancelled by Karnataka State Fire and Emergency Services |
PROSTARM Stock Price Movement
Shares of Prostarm Info Systems Limited are shedding value as of 2:56 PM, falling 1.73% in live trading to trade at ₹122.00 today. The stock has seen significant intraday volatility, moving between a high of ₹124.99 and a low of ₹121.80 during the session so far.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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