We are pleased to inform that our company has received a new order from Uttar Pradesh State Industrial Development Corporation Limited (UPSIDC) of value Rs. 153720150.19. For further details, ....
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ITCONS E-Solutions has secured a new contract from the Uttar Pradesh State Industrial Development Corporation Limited (UPSIDC), under the state's Infrastructure and Industrial Development Department. The contract involves deploying 159 resources for manpower outsourcing services over a period of two years, from March 16, 2026 to March 15, 2028. The total contract value is Rs. 15.37 crore (inclusive of all taxes and duties). The order is domestic in nature and there is no related-party interest involved. The company has described this as a significant milestone reflecting continued trust from government agencies.
This is a positive development for ITCONS as it adds a multi-year revenue stream of ~Rs. 15.37 crore from a government client, supporting topline visibility through March 2028. The size is modest relative to typical order wins for listed companies, so the immediate stock impact may be limited, but recurring government contracts can strengthen long-term credibility.