InfoBeans Techno. Ltd. has informed the Exchange about Awarding of order(s)/contract(s)
INFOBEAN · price
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InfoBeans Technologies has been awarded a contract by M.P. State Electronics Development Corporation Ltd to build a Green IT Park in Indore, Madhya Pradesh, under a Public-Private Partnership (PPP) on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis. InfoBeans will hold a 51% stake in a consortium formed with a developer and investor, and the company is expected to occupy half of the proposed 4 lakh sq ft green building. The project covers 3 acres of land at Pardesipura IT Park, with a 50-year lease period that includes 36 months for construction. InfoBeans plans to invest INR 30 crore in the project, with the remaining funding arranged through debt.
This is a major diversification move for InfoBeans, which is primarily an IT services company, into infrastructure and real estate under a long-term PPP arrangement. The INR 30 crore capital commitment is sizable and the 50-year lease offers long-duration recurring revenue, but shareholders should weigh execution risk and the shift away from the company's core IT services focus.