Announced Wed, 21 Jan · 11:29 IST

Receipt of work order from Web Werks (India) Pvt Ltd.

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AI summary

Techknowgreen Solutions Limited has received a work order worth Rs. 1.70 crore (excluding 18% GST) from Web Werks (India) Pvt Ltd, a domestic data center operator. The order covers three consulting scopes: obtaining a property tax No Dues Certificate from Navi Mumbai Municipal Corporation for a data center facility in TTC MIDC, due diligence on development plots in the same area, and securing a time extension order for the plot. Payment is milestone-based — Rs. 1.30 crore for Scope 1, Rs. 13 lakh for Scope 2, and Rs. 27 lakh for Scope 3 — all tied to delivery within 45 days. The order is from a domestic entity and there is no related-party interest.

Likely market impact

The order adds Rs. 1.70 crore of near-term revenue with a tight 45-day execution window, which is positive for short-term cash flows. For a recently listed small-cap consulting firm, winning work from an established data center player like Web Werks strengthens its order book credibility, though the absolute size is modest and unlikely to materially move the stock.