Intimation of award of new contract.
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ITCONS E-Solutions has won a new contract from Purvanchal Vidyut Vitaran Nigam Limited (Varanasi), a Uttar Pradesh government electricity distribution entity, to supply 17 manpower resources for a period of one year. The total contract value is INR 44,87,276.87 (about ₹44.87 lakhs) inclusive of all taxes. The contract runs from January 1, 2026 to December 31, 2026, with the option to extend by mutual agreement. The company highlighted this as a significant milestone reflecting continued trust from government agencies. There is no promoter or related party interest in the awarding entity.
The contract adds a modest new revenue stream from a state government client, which could strengthen ITCONS's credibility in government staffing contracts. However, the order size of around ₹44.87 lakhs is relatively small, so the immediate impact on overall financials or share price is likely limited.