Takyon Networks Secures Rs 26,186,000 Work Order from IIIT Allahabad
Takyon Networks Ltd, formerly known as Takyon Networks Private Limited, has secured a significant work order worth Rs 26,186,000. The contract is with the Indian Institute of Information Technology (IIIT), Allahabad, and pertains to modernizing classrooms at the institution.The deal involves the SITC (Supervision, Installation, Testing, and Commissioning) of ICT-Enabled Audio-Visual Modernization in classrooms at IIIT-Allahabad. This project is categorized as a domestic order.
Details of the contract, including its scope, value, and duration, have been confirmed by the company. The work order mandates that the entire assignment be completed within 16 weeks from the date of signing and site handover.
A summary of the key terms related to this business development is provided below:
| Particulars | Details |
|---|---|
| Awarding Entity | Indian Institute of Information Technology, Allahabad |
| Nature of Contract | SITC of ICT-Enabled Audio-Visual Modernization of Classrooms at IIIT-Allahabad |
| Order Value | Rs 26,186,000 (INR 261.86 Lakhs) |
| Transaction Type | Domestic |
| Execution Timeline | Within 16 weeks |
| Promoter Interest | No interest held by promoters or the promoter group |
The company confirmed that there are no related party transactions involved in this awarded order, confirming it is an arm's length agreement.
Stock Price Movement
Takyon Networks Ltd shares settled at ₹20.25 on Tuesday, edging higher by 3.85%. The stock navigated its intraday range, which stretched from a low of ₹20.00 to a high of ₹20.25.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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