ITCONS Secures Two Government Contracts.

ITCONS E-Solutions Limited has announced that it has been awarded two significant government contracts. The first contract, valued at ₹13,13,15,980, comes from the National Institute of Communication Finance under the Ministry of Communications. This contract requires ITCONS to provide IT engineer-technical services for a period of three years.

In addition, ITCONS has secured a second contract from the office of the Chief Administrative Officer, South Eastern Railway, under the Ministry of Railways. This ₹87,87,55,568.64 contract involves supplying 21 computer operators for a duration of 12 months.

These contracts are expected to provide a stable revenue stream and underscore ITCONS' growing involvement in the government sector. The company confirmed that these contracts do not involve related party transactions or promoter group interests, in accordance with SEBI regulations.

HBL