The Company has received Letter of Intent from Bharat Petroleum Corporation Limited, a Government Enterprise, to provide Manpower Services
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ITCONS E-Solutions Ltd has received a Letter of Intent from Bharat Petroleum Corporation Limited (BPCL), a Government of India Enterprise, to provide manpower outsourcing services for BPCL's Southern Region. The contract is worth Rs 7.22 crore (inclusive of all taxes and duties) and runs for two years, from February 3, 2026 to February 2, 2028. This is a domestic order with no related-party involvement and no promoter interest in BPCL. The company highlighted this as a significant milestone reflecting continued trust from government agencies. A formal agreement is expected to follow.
This is a positive development — securing a two-year contract from a major PSU like BPCL provides revenue visibility and strengthens the company's credibility in government-sector manpower services, which could support future order wins.