Quick Heal Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
QUICKHEAL · price
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Awaiting price reaction for this filing.
Quick Heal Technologies has bagged a ₹18 crore purchase order from NFSU Research and Innovation Council, an institution under the Ministry of Home Affairs. The order is for implementing a Cyber Literacy Program across a one-year period and is a domestic government contract. The company described this as a major commercial engagement for its academic division, noting that its academy business has historically received smaller orders from colleges and universities. Quick Heal said it expects similar government-backed cybersecurity education projects to become a regular part of its business going forward. The order value of ₹18 crore represents roughly 5% of the company's annual revenue, making it a meaningful contract win.
Positive for the stock — a sizable government order strengthens Quick Heal's academic/cybersecurity education segment and diversifies revenue beyond its core antivirus products. Investors should watch for execution and whether more such government contracts materialize as guided.