ITCONS bags Rs 99.34 lakh defence ministry contract for 2 years

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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+13.9%Reaction day

₹252.00

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Nifty Microcap 250market · in no size index; the smallest one is used-1.5%+15.4% vs market

Diversified Commercial Services peers, median of 77sector-0.4%+14.3% vs sector

On the reaction day the stock moved 15.4 pts more than Nifty Microcap 250 and 14.3 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+13.9-1.5+15.4-0.4+14.3

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+12.7-1.2+13.9-0.7+13.4

+1.0-2.8+3.8-0.8+1.8

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 77Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ITCONS E-Solutions has won a contract from the Department of Defence Research and Development, Ministry of Defence, to deploy 13 resources for manpower outsourcing. The contract is worth Rs 99.34 lakh inclusive of taxes, running for 2 years from September 24, 2026 to September 23, 2028. It is a domestic order and not a related party transaction. The company calls it a significant milestone showing continued trust from government agencies.

Likely market impact

Modest contract value boosts government order book and credibility; small absolute size means limited near-term revenue impact spread over 2 years.