3i Infotech wins ₹37.05 crore HPCL IT services order

2 min read     Updated on 11 Jun 2026, 01:05 AM
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Reviewed by
Ashish TScanX News Team
AI Summary

3i Infotech has received a purchase order from Hindustan Petroleum Corporation Limited (HPCL) for IT Facility Management Services worth approximately ₹37.05 crores for three years. The services include manpower support, desktop and endpoint support, and server maintenance across multiple HPCL locations in India. The disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015.

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3i Infotech has secured a purchase order from Hindustan Petroleum Corporation Limited (HPCL) to provide IT Facility Management Services (FMS) for a period of three years. The contract, valued at approximately ₹37.05 crores exclusive of applicable taxes, was received on June 9, 2026. This engagement aims to support HPCL's distributed IT operations through managed infrastructure services, ensuring continuity, operational efficiency, and reliable support across critical business locations.

The scope of services encompasses skilled manpower support, desktop and endpoint support, printer and scanner support, server support, VMS endpoint support, travel assistance, and related IT infrastructure support services. These services will be delivered across various HPCL locations, including the Corporate R&D Centre, Visakh Refinery, Head Office, Zones, ISC, and multiple PAN India locations.

Key Details of the Engagement

The following table outlines the specific particulars of the order awarded to 3i Infotech Limited:

Sr. No. Particulars Details
a) Name of the entity awarding the order(s)/contract(s) Hindustan Petroleum Corporation Limited (HPCL)
b) Significant terms and conditions of order(s)/contract(s) awarded in brief Provision of IT Facility Management Services across HPCL locations, including manpower support, desktop and endpoint support, printer and scanner support, server support, VMS endpoint support, travel assistance and related IT infrastructure support services, as per the respective Purchase Orders and tender terms
c) Whether order(s)/contract(s) have been awarded by domestic/international entity Domestic
d) Nature of order(s)/contract(s) IT Services – Facility Management Services and Digital Infrastructure Support
e) Whether domestic or international Domestic
f) Time period by which the order(s)/contract(s) is to be executed 3 years
g) Broad consideration or size of the order(s)/contract(s) Approx Rs. 37.05 Crores exclusive of applicable taxes
h) Whether promoter/promoter group/group companies have any interest in the entity that awarded the order(s)/contract(s) No
i) Whether the order(s)/contract(s) would fall within related party transactions No

The disclosure was submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that there was a delay in the dissemination of this information due to the time taken for the completion of internal review and formalities. The requisite details as per the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, were enclosed as Annexure A to the filing.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE748C01038/8c9aa147d3954bf9.pdf

Historical Stock Returns for 3I Infotech

1 Day5 Days1 Month6 Months1 Year5 Years
+1.12%+0.64%-2.21%+6.30%-31.91%+99.77%

How will this three-year contract impact 3i Infotech's revenue visibility and order book for the upcoming fiscal years?

Does this win signal a broader strategy by 3i Infotech to expand its market share in the public sector oil and gas IT infrastructure space?

What are the potential margin implications for 3i Infotech given the labor-intensive nature of Facility Management Services compared to their higher-margin digital offerings?

3i Infotech settles tax disputes reducing losses by Rs 79,838 lakhs

1 min read     Updated on 29 May 2026, 04:54 AM
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Reviewed by
Shriram SScanX News Team
AI Summary

3i Infotech settled income tax litigations for AY 2012-13 to AY 2018-19 under the Direct Tax Vivad Se Vishwas Scheme 2024, receiving Form 2 certificates. The settlement reduces accumulated losses by Rs 79,838 lakhs with no incremental cash outflow or material impact on operations.

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3i infotech has successfully settled income tax litigations for multiple assessment years under the Direct Tax Vivad Se Vishwas Scheme, 2024. The settlement, confirmed on May 27, 2026, involves the issuance of Form 2 certificates by the Principal Commissioner of Income Tax, Designated Authority, Mumbai. This resolution will reduce the company's total accumulated brought forward losses by Rs 79,838 lakhs, representing the disputed additions and disallowances for the relevant periods. The company confirmed that the settlement will not result in any incremental cash outflow.

Details of the Settlement

The Principal Commissioner of Income Tax accepted the company's application and issued certificates for five assessment years. The disputed amounts spanned from AY 2012-13 to AY 2018-19. While formal communication is pending, the details are currently visible on the Income Tax portal. The issuance of Form 2 is a procedural step that precedes the Final Order in Form-4.

Financial Impact

The resolution of these disputes carries a significant accounting impact for 3i Infotech. The total disputed additions and disallowances across the settled years amounted to Rs 79,838 lakhs. Consequently, the company's accumulated brought forward losses will be reduced by this specific amount. The settlement is not expected to affect the company's operations or activities beyond this adjustment to its financial position.

Breakdown of Disputed Amounts

Assessment Year Date of Form 2 Date of Issue of Form 2 Amount of Disputed additions/ disallowances (Rs. in lakhs)
AY 2012-13 April 24, 2026 April 29, 2026 6,806
AY 2013-14 May 6, 2026 May 6, 2026 38,825
AY 2014-15 May 6, 2026 May 6, 2026 23,998
AY 2016-17 May 6, 2026 May 6, 2026 7,876
AY 2018-19 May 11, 2026 May 11, 2026 2,333
Total 79,838

Historical Stock Returns for 3I Infotech

1 Day5 Days1 Month6 Months1 Year5 Years
+1.12%+0.64%-2.21%+6.30%-31.91%+99.77%

How will the reduction of Rs 79,838 lakhs in accumulated losses impact 3i Infotech's ability to generate future tax savings?

Does this settlement signal the end of the company's major legacy tax disputes, or are other litigations still pending?

How might the improved financial position influence investor sentiment and the company's stock valuation in the upcoming quarters?

More News on 3I Infotech

1 Year Returns:-31.91%