3i Infotech Limited has informed the Exchange about Bagging/Receiving of orders/contracts
3IINFOLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
3i Infotech's wholly owned subsidiary, 3i Infotech Digital BPS Limited, has received a work order valued at approximately ₹8.76 crores (excluding taxes) from Mahanagar Gas Limited, one of India's largest city gas distribution companies. The 2-year contract involves end-to-end call centre operations, including customer service support, training, quality monitoring, and team leadership services. The order is domestic, with no related party interest, and falls under the company's Business Process Services segment. Mahanagar Gas is a domestic joint venture entity (GAIL and Shell).
The contract size of ₹8.76 crores is relatively small compared to 3i Infotech's overall revenue base, making it a routine order rather than a material event. No meaningful impact on stock price or shareholder value is expected from this announcement alone, though it adds visibility to the BPO subsidiary's order book.