Company has been awarded with a work order from Irrigation & Waterways Department
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NIS Management Ltd has won a work order from the Irrigation & Waterways Directorate (I&WD), Government of West Bengal, to provide personnel for day-to-day operation and upkeep of A+ category Inspection Bungalows spread across various districts in the state. The contract is worth ₹3.45 crore (₹3,45,30,792) and runs for 365 days starting January 1, 2026. The order is a domestic government contract with no related-party involvement. The company views it as recognition of its team's expertise in facility management services.
This adds ₹3.45 crore in secured revenue over the next 12 months, strengthening the company's order book and providing near-term revenue visibility. For a small-cap like NIS Management, a government contract win is positive for credibility, though the scale of the order suggests limited immediate stock-price impact.