IIT Kanpur awards Rs 1.33 crore smart-rack order
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TAKYON NETWORKS LIMITED received a domestic order worth Rs 1,33,06,748.84, about Rs 1.33 crore, from IIT Kanpur to supply, test, commission and install modern smart racks. It must be completed within 60 days. Payment follows delivery and satisfactory installation approval. The order includes a 36-month warranty and requires a 10 percent bank guarantee or equivalent within 21 days.
Shows near-term sales potential, but the 60-day deadline and 10 percent security requirement raise delay risk. Revenue share is not disclosed.