Aarvi Encon Limited (AEL), a leading manpower outsourcing solutions provider, announced a revision in its existing work order from a prominent multinational EPCM company. The revised order marks a significant milestone for AEL, with an increase in contract value and an extended validity period.
Key Highlights of the Revised Work Order
- Increased Contract Value: The value of the order has been revised from ₹111.78 crore to ₹186.04 crore.
- Extended Validity: The contract, initially set to expire on January 27, 2025, has now been extended to December 31, 2025.
- Nature of Services: The work order involves providing specialized manpower outsourcing services.
Details of the Contract
- Awarding Entity: Confidential, as per the terms of a Non-Disclosure Agreement.
- Type of Entity: Domestic organization.
- Scope of Work: Comprehensive manpower supply services to support operations.
- Promoter Interest: The company confirmed no involvement of the promoter or related party in the contract.
Leela Bisht, Company Secretary & Compliance Officer stated that the revised work order is a testament to their clients’ trust and confidence in Aarvi Encon’s services. The increased value and extended validity strengthen their commitment to delivering high-quality manpower solutions.
This revision underscores Aarvi Encon’s strong position in the manpower outsourcing industry and its ability to cater to large-scale domestic projects. The increased contract value is expected to bolster the company’s revenue and operational footprint in the coming fiscal year.
