Work order from Building Construction Department, Patna
Price
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Awaiting price reaction for this filing.
NIS Management Ltd has bagged a 5-year housekeeping services work order from the Central Building Division, Building Construction Department, Patna. The contract covers housekeeping for the Main Secretariat and the Campus of the Old Secretariat in Patna. The total order value is Rs 10.36 crore inclusive of all taxes, translating to roughly Rs 2.07 crore per year. It is a domestic order with no related-party angle and no promoter interest in the awarding entity.
Gives the small-cap company ~Rs 2 crore in annualised recurring revenue visibility over the next five years from a government client. Marginally positive for order book, though the contract size is modest and the share-price reaction will depend on how material it is versus existing revenue.