Apollo Sindoori Hotels Limited has informed the Exchange about Bagging/Receiving of orders/contracts
APOLSINHOT · price
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Apollo Sindoori Hotels' wholly-owned subsidiary Sindoori Management Solutions has won three new work orders. The biggest is from Tata Main Hospital for Integrated Facility Management and Porter Services, covering a 1000-bed NABH-accredited hospital with about 750 staff, valued at Rs. 43.52 crore over 33 months. The second is from the Department of Personnel, Government of Rajasthan Secretariat, for facility management with 154 personnel over 2 years, worth Rs. 5.22 crore. The third is from Overseas Manpower Corporation Ltd (Chennai) for outsourcing manpower across 22 categories in Tamil Nadu for 1 year, worth Rs. 15.57 crore. All three contracts are domestic, and the company confirms there is no related-party interest in the awarding entities. The combined contract value is roughly Rs. 64.31 crore (excluding GST), which is significant for a small-cap company like Apollo Sindoori Hotels.
The new orders strengthen the subsidiary's order book and provide revenue visibility over the next 1 to 2.75 years. The Tata Main Hospital win is particularly notable as it diversifies into large-scale hospital facility management. Short-term stock reaction may be positive given the order inflow, though execution and margin tracking will be key.