Konstelec Engineers Limited Secures ₹48.87 Crore Contract from CtrlS Data centers Limited
Konstelec Engineers Limited has received a Letter of Award (LOA) for a major contract valued at ₹ 48.87 Crore, excluding GST. The assignment comes from CtrlS Data centers Limited.The LOA covers the comprehensive scope of work required at Hyderabad DCs (Chandanvalley & Pharmacity). Konstelec Engineers Limited is contracted to handle the Supply, Loading, Unloading, Lifting, Shifting, Handling, Installation, Testing (L1, L2, L3, L4 & L5), Commissioning and Handover.
The services encompass Electrical, HVAC, IBMS, BMS, Maxcool, CCTV, FPS and PHE Works for one floor, including necessary Interface Coordination at the specified data centers. The contract value is substantial given that it excludes GST.
Key details regarding the awarded contract are presented below:
| Detail | Information |
|---|---|
| Client Entity | CtrlS Data centers Limited (Domestic Entity) |
| Contract Value | ₹ 48.87 Crore (excluding GST) |
| Nature of Work | Supply, Installation, Testing, Commissioning, and Handover of Electrical, HVAC, IBMS, BMS, Maxcool, CCTV, FPS & PHE Works for one floor. |
| Project Location | Hyderabad DCs (Chandanvalley & Pharmacity) |
The LOA confirmed that the work is designated as a supply and installation contract. The completion timeline for this project will be carried out according to the timelines stipulated in the Letter of Award, which constitutes a material part of the agreement.
Furthermore, the engagement was determined not to involve any related party transactions, nor does Konstelec Engineers Limited have any interest stake in CtrlS Data centers Limited.
KONSTELEC Stock Price Movement
Shares of Konstelec Engineers Limited slipped by 5.00% on Friday, closing at ₹53.2 after shedding ₹2.80 per share. The stock traded within a tight intraday range, hitting a high of ₹53.3 but settling at the daily low amid 30,000 shares transacted.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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