We are pleased to inform that the Company has received a contract work order from Master Control Facility (MCF), Hassan under the Department of Space, Government of India. The detailed ....
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Panabyte Technologies has secured a Non-Comprehensive Annual Maintenance Contract for the Fire Alarm System at Master Control Facility (MCF), Hassan, under the Department of Space, Government of India. The contract is for a 2-year period with a total value of Rs. 7,58,629 (approximately ₹7.59 lakhs). It is a domestic order, not a related party transaction, and no promoter group has any interest in the awarding entity. The value is relatively small, suggesting this is a routine maintenance engagement rather than a major revenue driver.
The contract value is modest (under ₹8 lakhs over 2 years), so the direct financial impact on the company is likely minor. However, the order from a prestigious government entity under the Department of Space adds credibility to the company's government contracting capabilities and may support future order wins.