INTIMATION OF WORK ORDER RECEIVED FROM NCC LIMITED
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Takyon Networks Ltd has bagged a work order worth Rs. 558.10 lakhs (around Rs. 5.58 crores) from NCC Limited for the supply, installation, testing and commissioning (SITC) of networking switches at the AIIMS Bibinagar, Telangana project. The order is domestic in nature and the company must deliver within 8 weeks of receiving it. Payment terms are favourable, with 90% of the amount to be released through a 60-day irrevocable Letter of Credit from the date of the invoice. The awarding entity, NCC Limited, has no promoter or group company links with Takyon, and this is not a related party transaction.
This is a fresh order win worth ~Rs. 5.58 crores, which adds to Takyon's order book and provides near-term revenue visibility. Given Takyon's small size, the order could be meaningful for quarterly revenues if executed on time. Mild positive for the stock, but investors should track execution within the tight 8-week deadline.