Happy Square secures Rs 62.64 lakh order from Power Grid
Happy Square Outsourcing Services Limited secured a Rs 62.64 lakh work order from Power Grid Corporation of India Limited for facility management services. The contract runs until June 30, 2028, and was disclosed under Regulation 30 of SEBI listing regulations.
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Happy Square Outsourcing Services Limited has secured a work order worth Rs 62.64 lakhs from Power Grid Corporation of India Limited to provide facility management services. The contract, awarded in the ordinary course of business, is expected to generate revenue and strengthen the company's order book over its duration.
The work order was received on June 9, 2026, at 11:47 AM. It mandates the provision of Facility Management Services (FMS) to facilitate implementation at the client's premises or other designated locations, fulfilling statutory requirements. The agreement is subject to customary terms regarding scope, payment, performance obligations, and statutory compliances.
Contract Details
The services are to be provided up to June 30, 2028. The consideration aggregates to Rs 62.64 Lakhs, inclusive of applicable GST. The order was awarded by a domestic entity, and there are no interests held by promoters or group companies in the awarding entity, nor does it qualify as a related party transaction.
| Detail | Description |
|---|---|
| Client | Power Grid Corporation of India Limited |
| Nature of Business | Facility Management Services (FMS) |
| Contract Value | Rs 62.64 Lakhs (inclusive of GST) |
| Execution Period | Up to June 30, 2028 |
| Date of Order | June 9, 2026 |
The disclosure was made to the National Stock Exchange of India Ltd pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Happy Square Outsourcing Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +8.20% | +4.01% | -31.78% | -50.06% | -50.22% |
How will this contract impact Happy Square's revenue projections for the current fiscal year?
Does this order signal a potential for larger contracts from Power Grid Corporation in the future?
What are the margin expectations for facility management services compared to the company's other offerings?
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