NIS Management secures INR 2.31 crore orders from Nesco, PWD Kolkata

1 min read     Updated on 26 May 2026, 11:00 AM
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AI Summary

NIS Management Ltd secured work orders worth INR 2,31,77,961 from Nesco Limited and PWD Kolkata for facility management and housekeeping services. The Nesco orders, valued at INR 1.95 crore, are for facility supervision and attendance deployment until March 2027. The PWD Kolkata contract, worth INR 36.71 lakh, is for housekeeping at the New Secretariat Building and High Court Administrative Block.

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NIS Management Ltd has secured new work orders aggregating INR 2,31,77,961 from Nesco Limited and the Public Works Department (PWD), Kolkata, strengthening its order book in the facility management sector. The company disclosed these developments to the Bombay Stock Exchange on May 26, 2026, under Regulation 30 of the SEBI (LODR) Regulations, 2015. Management stated that these orders reflect continued client confidence and will support the company's long-term growth trajectory.

The first two orders were awarded by Nesco Limited for deployment services at the Nesco Complex. One contract covers the deployment of Facility Supervisors and Attendants for a total value of INR 1,48,17,211. The second order is specifically for the deployment of Facility Attendants, amounting to INR 46,88,972. Both domestic contracts are scheduled to be executed by March 31, 2027.

The third order was received from the Office of the Executive Engineer, PWD, Kolkata, Government of West Bengal. This contract, valued at INR 36,71,778, is for the engagement of housekeeping personnel at the New Secretariat Building, Block-B, and the Administrative Block of the High Court. The company clarified that this order remains valid and operative following the recent state elections in West Bengal. The work is to be completed within 365 days from the date of commencement.

Order Details

Client Nature of Work Value (INR) Execution Timeline
Nesco Limited Deployment of Facility Supervisors and Attendants 1,48,17,211 By 31.03.2027
Nesco Limited Deployment of Facility Attendants 46,88,972 By 31.03.2027
PWD Kolkata Engagement of Housekeeping Personnel 36,71,778 Within 365 days from commencement

The disclosures confirm that none of the orders involve related party transactions or any interest from the promoter, promoter group, or group companies in the entities awarding the contracts. The aggregate value of INR 2,31,77,961 is inclusive of applicable taxes.

Historical Stock Returns for NIS Management

1 Day5 Days1 Month6 Months1 Year5 Years
-1.37%+14.04%-6.90%-36.31%-46.65%-46.65%

How will the execution of these government and private sector contracts impact NIS Management's profit margins over the next fiscal year?

Does the renewal of the PWD contract post-state elections indicate a potential for further government procurement opportunities in West Bengal?

What is the company's strategy for managing the operational costs associated with deploying such a large workforce within the specified timelines?

NIS Management wins ₹30.77 cr work orders from Reliance

1 min read     Updated on 22 May 2026, 10:11 PM
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NIS Management has been awarded five work orders by Reliance Projects & Property Management Services Limited for housekeeping and ancillary services worth ₹30.77 crore. The orders involve the renewal of existing contracts for services such as MEP Electrical and Pantry Boy Services. The execution of these work orders is scheduled to be completed by March 31, 2027.

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nis management has secured five work orders from Reliance Projects & Property Management Services Limited for the provision of housekeeping and ancillary services. The disclosure was made to the Bombay Stock Exchange on May 22, 2026, under Regulation 30 of the LODR Regulations, 2015.

The total revenue expected from these work orders is ₹30,77,03,567.97, inclusive of all taxes. The company views this development as a testament to the dedication and expertise of its team.

Scope of Work

The awarded work orders pertain to the renewal of existing contracts. The scope of work primarily includes Housekeeping Services, Pantry Boy Services, MEP Electrical Services, and other ancillary facility management support services. These services will be provided at various locations and sites of the awarding entity.

Contract Details

The work orders have been awarded by a domestic entity and are classified as domestic contracts. The company confirmed that the promoter, promoter group, or group companies do not hold any interest in the entity that awarded the orders. Furthermore, the transaction does not fall under the ambit of Related Party Transactions.

Key Parameter Details
Entity Awarding Order Reliance Projects & Property Management Services Limited
Nature of Order Housekeeping, Pantry Boy, MEP Electrical, and ancillary services
Order Value ₹30,77,03,567.97 (inclusive of taxes)
Execution Period By March 31, 2027
Related Party Transaction No

Historical Stock Returns for NIS Management

1 Day5 Days1 Month6 Months1 Year5 Years
-1.37%+14.04%-6.90%-36.31%-46.65%-46.65%

Could the successful renewal of these Reliance contracts signal NIS Management's potential to expand its facility management portfolio with other large conglomerates in India?

How might NIS Management deploy the expected ₹30.77 crore revenue to strengthen its operational capacity or pursue new business verticals beyond housekeeping services?

Given the March 31, 2027 execution deadline, what risks could NIS Management face in terms of workforce scalability and cost inflation that might impact its profit margins?

More News on NIS Management

1 Year Returns:-46.65%