Bagging of Order for CCTV project from West Bengal Electronics Industry Development Corporation Limited
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NIS Management's subsidiary, NIS Facility Management Services Private Limited, has received a Letter of Intent from West Bengal Electronics Industry Development Corporation Limited (a West Bengal state government undertaking) for a CCTV restoration and OFC backbone project covering the entire New Town area under NKGSCCL. The total order value is ₹56,01,303 (about ₹56 lakhs) inclusive of all taxes. The order is domestic, not a related party transaction, and no promoter group interest exists in the awarding entity. Execution timeline will be as specified in the purchase order. The work involves restoration of CCTV cameras along with OFC cable laying and related accessories.
This is a small-value order (₹56 lakhs) from a state government entity, so the direct impact on the stock price is likely limited. However, it signals the subsidiary's entry into the government infrastructure/services space, which could lead to larger follow-on orders if executed well.