Intimation of new bid award. For more details, please refer the attached document.
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Awaiting price reaction for this filing.
ITCONS E-Solutions has won a new contract from Wipro Limited to deploy 94 engineering professionals for Incident Management operations across various HDFC Life locations. The total contract value is ₹4.07 crore (Four Crore Seven Lakh Forty-Eight Thousand Nine Hundred and Forty Only). The contract is for a period of three years, commencing from July 1, 2025. It is a domestic order for IT manpower services, with no related party involvement or promoter interest in Wipro. The filing was made under SEBI LODR Regulation 30.
This adds a multi-year revenue stream and validates ITCONS's capability to serve large enterprise clients like Wipro and HDFC Life. While the contract size is modest and unlikely to dramatically move the stock, it strengthens the company's order book and reputation in IT support services.