Disclosure of work order awarded from Tourism & Hospitality skill council of amount of INR 13,48,38,720.
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Ascensive Educare Ltd has received a work order worth INR 13.48 crore from Tourism & Hospitality Skill Council (THSC), a government-backed sector skill council. The order involves providing skill development training to 6,016 candidates under the Mission Shakti Scheme, focused on facility management and promoting entrepreneurship among Self Help Groups (SHGs). The work order is valid until 31st March 2027, giving the company a multi-year revenue visibility. THSC will retain 1% of the training cost (approximately INR 5.30 lakh) as administrative and monitoring charges. The order is domestic in nature and is not a related party transaction.
This INR 13.48 crore order materially strengthens the company's order book and provides revenue visibility over the next two years. The government-backed counterparty (THSC) reduces payment risk and adds credibility, which is a positive signal for investors evaluating the company's growth in the skilling/training sector.