Intimation of Securing order valuing around 5 Crores from ITI Limited
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vedavaag Systems has won an order valued at around Rs. 5 Crores from ITI Limited, a Government of India public sector undertaking. The work involves the supply and installation of CCTV surveillance systems at a premium government organization, to be completed within 6 months. Payment terms are favourable: 80% of the amount will be released within 30 days on a back-to-back basis through an escrow account, with the balance paid after client acceptance. The order is fully domestic and has no related party implications.
Positive for the company as it adds a meaningful new order from a government PSU client, strengthening the order book. For retail investors, this signals ongoing business momentum in the government/PSU segment, though the Rs. 5 Crore size is modest relative to typical mid-cap IT orders.