Aptech Limited has informed the Exchange about Bagging/Receiving of orders/contracts
APTECHT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aptech Limited has received a work order from an autonomous body under the Central Government to conduct a training program. The contract has an estimated value of Rs. 3.5 crores and is to be executed over nine months. This is a domestic contract awarded to Aptech under its Institutional Business segment. The company clarified that no related party transactions are involved and neither the promoter nor promoter group has any interest in the awarding entity.
This is a positive development as it demonstrates Aptech's ability to secure government contracts, adding to its institutional business pipeline. However, at Rs. 3.5 crores for nine months, the financial impact on annual revenues is modest for a company with over 747 centres globally.