Mumbai, February 3, 2025 – ITCONS E-Solutions Limited (NSE: ITCONS, BSE: 543806) has announced the receipt of a new work order from Diesel Loco Modernization Works (DMW), Patiala, Indian Railways, Ministry of Railways. The contract is for providing manpower services on a contractual basis for a period of two years.
Key Details of the Work Order
| Particulars | Details |
|---|---|
| Awarding Entity | Diesel Loco Modernization Works (DMW), Patiala, Indian Railways, Ministry of Railways |
| Domestic/International | Domestic Entity |
| Contract Duration | 2 years (Service Start Date: February 15, 2025, Service End Date: February 14, 2027) |
| Total Contract Value | ₹37,19,481.19 (Rupees Thirty-Seven Lakh Nineteen Thousand Four Hundred Eighty-One and Nineteen Paisa) |
| Related Party Transactions | No, the contract does not involve related party transactions |
| Promoter Interest | No interest from the promoter/promoter group in the awarding entity |
Company’s Stand
In a regulatory filing, ITCONS E-Solutions confirmed the signing of the work order, which will see the company provide manpower services over the next two years. The total contract value, including all duties and taxes, stands at ₹37,19,481.19.The company also clarified that neither the promoter group nor any group companies have any interests in the awarding entity, and the deal is not a related party transaction.
The information has been disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is available on the company’s official website.
