We are pleased to inform that the Company has received a contract work order from an establishment under the Department of Defence Research and Development, Ministry of Defence, Government ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Panabyte Technologies Ltd has received a contract work order from the Department of Defence Research & Development (DRDO), Ministry of Defence, Government of India. The contract is for the Annual Maintenance Contract (AMC) of an Integrated Security and Surveillance System at a DRDO establishment. The contract value is Rs. 46,84,482 (approximately Rs. 46.84 lakhs) and will be executed over a period of 3 years. This is a domestic order from a prestigious government defence organization.
Receiving a contract from DRDO is a significant vote of confidence in the company's technical capabilities. For a company of Panabyte's size, this order provides revenue visibility over 3 years and enhances credibility in the defence/security sector, which could attract more government contracts going forward.