Announcement under Regulation 30 (LODR) - Receiving of orders for setting up of 500 robotic laboratories across 16 districts in Odisha.
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Mafatlal Industries has received an order valued at approximately INR 114 Crore from the Odisha Computer Application Centre (OCAC), a government body. The order involves setting up 500 robotic laboratories across 16 districts in Odisha under the state's School and Mass Education Department. The project will be implemented over a period of five years. This marks a new line of business for Mafatlal, which is traditionally known for textiles, into the education technology space.
This is a significant order for Mafatlal, providing multi-year revenue visibility and diversification beyond its core textile business. The government-backed nature of the contract reduces counterparty risk, and successful execution could open doors to similar projects in other states.