Image Source: Facebook
ITCONS e-Solutions Ltd has recently achieved a significant milestone by being awarded a lucrative contract by the Ministry of Textiles, Government of India. This contract entails the deployment of a substantial workforce of 134 skilled and semi-skilled personnel for a period of two years. The deal, valued at nearly 9.81 crore INR inclusive of taxes and duties, underscores the company's growing influence and trusted partnership with key governmental agencies. The contract duration spans from September 8, 2025, to September 7, 2027, with the possibility of extension upon mutual agreement.
Key Highlights of the Contract Award
-
Entity Awarding the Contract: The Ministry of Textiles, Government of India, entrusted ITCONS e-Solutions Ltd with this manpower deployment order, reaffirming its confidence in the company’s capabilities.
-
Contract Scope: The project involves the provision of 134 skilled and semi-skilled resources, showcasing ITCONS’ expertise in workforce management and deployment services tailored to government requirements.
-
Nature of Contract: This agreement is categorized under manpower services, emphasizing the supply and management of human resources for operational needs.
-
Domestic Engagement: The contract is awarded by a domestic government entity, reinforcing ITCONS e-Solutions’ significant presence and reputation within the Indian public sector.
-
Contract Value and Duration: With a contract size of INR 9,81,34,124.41 (Nine Crore Eighty-One Lakh Thirty-Four Thousand One Hundred Twenty-Four and Forty-One Paisa), the engagement will last two years, commencing on September 8, 2025, and concluding on September 7, 2027.
Detailed Aspects of the Contract
Deployment and Execution Timeline
The contract mandates the consistent deployment of 134 skilled and semi-skilled professionals starting from early September 2025. With a two-year execution horizon, ITCONS e-Solutions is expected to maintain operational continuity and meet workforce delivery obligations throughout the contract’s lifespan. The scheduled timeframe allows both parties to negotiate potential extensions, emphasizing a long-term collaborative relationship.
Financial and Legal Considerations
The total contract value includes all applicable taxes and duties, reflecting a comprehensive financial package. Additionally, the company has confirmed that no promoter or group interest exists concerning the awarding entity, ensuring transparency and distancing the deal from related party transaction risks. Furthermore, the contract is marked strictly as an arm’s length transaction without any conflict of interest, adhering to regulatory and corporate governance standards.
Impact and Strategic Significance
This new bid award is a testament to ITCONS e-Solutions’ robust market positioning in manpower services for government sectors. It not only broadens their portfolio but strengthens ongoing collaborations with public sector agencies. The sizable deployment requirement also signifies government reliance on ITCONS for skilled human resource solutions, potentially opening avenues for future projects and extended partnerships.
Summary of Key Contract Information
-
Awarding Authority: Ministry of Textiles, Government of India
-
Contract Nature: Supply of Skilled and Semi-Skilled Manpower Services
-
Contract Period: September 8, 2025 – September 7, 2027
-
Number of Resources: 134
-
Contract Value: INR 9,81,34,124.41 (Inclusive of all taxes)
-
Transaction Type: Domestic, Arm’s Length
-
Interest Declaration: No promoter or group interest involved
Conclusion
ITCONS e-Solutions Ltd’s latest contract win with the Ministry of Textiles is a strong endorsement of the company’s capabilities and credibility. It marks a notable chapter in expanding its footprint within government contracts, reinforcing ITCONS as a preferred manpower services provider. This strategic engagement is set to enhance the company’s revenue stream and fortify its reputation in the competitive public sector landscape.
Source: Company disclosure to the Stock Exchanges
Advertisement
Advertisement
