ITCONS E-Solutions Limited has announced a significant milestone with the award of a new contract by the National Automotive Board, under the Department of Heavy Industry, Ministry of Heavy Industries and Public Enterprises. The contract, valued at INR 3,36,94,472.20 (inclusive of all duties and taxes), is for the provision of manpower services on a contractual basis for two years.

Key Highlights of the Contract:

  1. Awarding Entity: National Automotive Board, Department of Heavy Industry.
  2. Scope of Work: To provide manpower services.
  3. Contract Duration:
    • Start Date: January 1, 2025.
    • End Date: December 31, 2026.
  4. Contract Value: INR 3.36 crore.
  5. Promoter Interest: The promoters or promoter group have no interest in the awarding entity.
  6. Related Party Transactions: The contract does not fall under related party transactions.

This achievement reinforces ITCONS E-Solutions’ position as a trusted partner in delivering skilled manpower services. The company expressed its gratitude in a letter to BSE, emphasizing its commitment to excellence in fulfilling the contract.

The work is set to begin on January 1, 2025, and will run until the end of 2026, marking a significant contribution to the government’s automotive sector initiatives.

Follow on Google News