Atishay Limited, as the prime bidder, in consortium with M/s Gundal Business Private Limited, has been awarded 5 year Rate Contract work order by the State Election Commission, Karnataka ....
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Atishay Limited, as prime bidder in a consortium with M/s Gundal Business Private Limited, has secured a 5-year rate contract from the State Election Commission, Karnataka. The work involves preparation of electoral databases (generation, integration, merging) and printing of photo electoral rolls for local body elections across 31 districts in Karnataka. The contract runs until July 20, 2030, and is a domestic service tender. No fixed monetary value has been disclosed as it is rate-based, with actual revenue depending on work orders issued during the contract period. The company describes the expected potential value as significant given the scale and scope.
This is a positive development as it provides Atishay with a long-term (5-year) revenue visibility from a government client, though the exact financial impact remains unclear since the contract value is not disclosed upfront. Shareholders should watch for further updates on work order issuance and revenue contribution from this contract.