NIS Management wins Rs 19.57 cr housekeeping work order from Bihar govt
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NIS Management has secured a work order worth Rs 19.57 crore (inclusive of taxes) from the Office of Chief Engineer (Patna), Building Construction Department for comprehensive housekeeping, operation and maintenance of Type-A and B flats at Gardanibagh, Patna. The contract runs for 5 years from the date of issuance. This is a domestic order with no related party involvement.
5-year government contract adds revenue visibility. Small-cap order win could lift stock sentiment.