ITCONS e-Solutions Secures Rs 4.48 Crore Manpower Contract from UP State Power Utility

ITCONS e-Solutions Ltd, a leading technology staffing and outsourcing company, has announced a contract win with Purvanchal Vidyut Vitaran Nigam Limited, Varanasi, which operates under the Energy Department of Uttar Pradesh. The contract, classified as domestic, entails the deployment of 17 skilled resources to support the utility’s operational requirements.

The engagement, strictly for the supply of manpower services, spans from January 1, 2026, to December 31, 2026, with provisions for further extension by mutual agreement. The total contract value is Rs 44,87,276.87, inclusive of all taxes and duties. ITCONS confirmed there are no related party transactions or promoter group interests in connection with this contract, underlining adherence to SEBI regulations and fair business practices.

This contract highlights ITCONS’s reputation for trusted HR solutions in the utilities sector and is poised to contribute to revenue and strengthen its market position in northern India’s energy vertical. The arrangement is set for execution at arm’s length, and the company remains open to future collaboration extensions with the client.

Key Highlights:

ITCONS awarded manpower supply contract by Purvanchal Vidyut Vitaran Nigam Ltd, Varanasi.

17 resources to be deployed for 1 year starting January 2026.

Contract size: Rs 44.87 lakh, inclusive of all taxes and duties.

No related party transactions or promoter group interests involved.

Conforms fully with SEBI disclosure and business transparency requirements.

Sources: Corporate disclosure (ITCONS e-Solutions Ltd)