Atishay wins ₹11.16 Cr order to print Ayushman Bharat cards
Atishay Limited secured a ₹11.16 crore order from the West Bengal government to print 2.25 crore Ayushman Bharat cards across eight districts. The nine-month contract reinforces the company's position in the e-Governance sector.

*this image is generated using AI for illustrative purposes only.
Atishay Limited has secured a work order worth ₹11,16,13,678 from the Government of West Bengal for the printing and delivery of Ayushman Bharat (AB PM-JAY) and AB Vay Vandana cards. The contract strengthens the company's order book and enhances revenue visibility by reinforcing its role in the public welfare and e-Governance ecosystem. The order was awarded by the Department of Health and Family Welfare, Swasthya Bhavan, Salt Lake City, Kolkata.
The work order encompasses the printing and supply of cards for eight districts in West Bengal. The total quantity covered under the contract is 2,25,74,669 cards. The project carries a completion period of nine months from the date of issuance of the work order.
| Sr. No. | Names of District allotted |
|---|---|
| 1 | Bankura |
| 2 | Birbhum |
| 3 | Jalpaiguri |
| 4 | Kalimpong |
| 5 | Murshidabad |
| 6 | Nadia |
| 7 | Purba Bardhaman |
| 8 | Uttar Dinajpur |
The printed cards are required to be delivered to designated Block or Municipal officials, or other authorities authorized by the respective District Magistrates and the Kolkata Municipal Commissioner. Operational guidelines prescribed by the National Health Authority (NHA) will govern the delivery process. Terms and conditions of the work order are aligned with the company's existing contract with the NHA.
Atishay Limited noted that it has been entrusted with similar assignments for printing and supplying Ayushman Cards in various other states, including Odisha, Haryana, Chhattisgarh, Uttar Pradesh, Goa, and Maharashtra. The company attributed these recurring orders to its strong execution capabilities and operational excellence.
The disclosure was made to the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order does not involve any related party transactions and that the promoter group has no interest in the entity awarding the contract.
Historical Stock Returns for Atishay
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.99% | +2.86% | +5.10% | +11.66% | +50.13% | +429.72% |
How will this nine-month completion timeline impact Atishay Limited's quarterly revenue recognition and cash flow?
Does this contract position Atishay Limited favorably to secure similar printing orders from the remaining districts in West Bengal?
What are the potential margin implications for this project given the operational guidelines prescribed by the National Health Authority?


































