We are pleased to inform you that the company has been awarded the new order by Hindustan Aeronautics Limited, Ministry of Defence, for providing manpower services. the aggregate size of ....
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ITCONS E-Solutions has won a new contract from Hindustan Aeronautics Limited (HAL), a Government of India defence undertaking under the Ministry of Defence, to provide manpower services. The contract is valued at approximately ₹3.85 crore (₹3,85,25,972.49) inclusive of all taxes and duties, and runs for two years from October 6, 2025 to October 5, 2027. It is a domestic contract with no related-party involvement and no promoter group interest in HAL. The company describes it as a significant milestone reflecting continued trust from government agencies.
The order adds about ₹3.85 crore of assured revenue over two years, providing decent earnings visibility for a small company. It strengthens ITCONS's credibility with government/defence clients, which could help win similar contracts in the future. The size of the order is modest, so the immediate stock price reaction is likely to be limited unless more such orders follow.