SGL Resources wins Rs 4.35 Cr order from Heliocentrix

SGL Resources Limited has secured an order worth Rs 4.35 crore from Heliocentrix Technology Private Limited. The order was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details

The contract entails the supply of GIS-based Field Survey Solutions and related work. The nature of the order includes the purchase of software and applications, as well as application integration and maintenance. The project is a domestic order and is to be executed within a period of one year.

Key Particulars

The table below outlines the significant details of the order:

Particulars	Details
Name of the entity awarding the order	Heliocentrix Technology Private Limited
Significant terms and conditions	Supply of GIS based Field Survey Solutions and related work
Nature of order	Purchase of Software and Application as well as application integration and maintenance
Time period for execution	Within 1 Year
Size of the order	4.35 Crore

The company confirmed that the promoter, promoter group, or group of companies have no interest in the entity that awarded the order. Furthermore, the order does not fall within related party transactions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.32%	+0.65%	-12.99%	-10.47%	-10.72%	-69.54%

SGL Resources Limited has secured a substantial order worth Rs 88.50 lakh from Technosys Integrated Solutions Pvt. Ltd., marking a significant business development for the company. The order encompasses supply of IGIS Suite, desktop and customized GIS web application development services, demonstrating the company's capabilities in geographic information systems solutions.

Order Details and Specifications

The comprehensive order involves multiple components of GIS technology solutions. The contract includes supply of IGIS Suite software, desktop applications, and development of customized GIS web applications with GIS-based integration capabilities. This diversified scope indicates the client's requirement for a complete GIS ecosystem solution.

Parameter	Details
Awarding Entity	Technosys Integrated Solutions Pvt. Ltd.
Order Value	Rs 88.50 lakh
Nature	Purchase of Software and Application
Execution Timeline	Within one year
Market Type	Domestic

Technical Scope and Implementation

The order encompasses supply of IGIS Suite, which represents a comprehensive geographic information system platform. Additionally, the contract includes desktop application components and customized GIS web application development services. The GIS-based integration aspect suggests the solution will involve connecting multiple systems and data sources to create a unified geographic information platform.

Regulatory Compliance and Corporate Governance

SGL Resources Limited disclosed this order in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this order does not constitute a related party transaction and operates at arm's length principles. The promoter group and group companies have no interest in Technosys Integrated Solutions Pvt. Ltd., ensuring transparent business dealings.

Execution Framework

The order is scheduled for completion within one year from the award date. This timeline suggests a phased implementation approach for the various components including software supply, application development, and system integration. The domestic nature of the contract indicates SGL Resources Limited's strong positioning in the Indian GIS solutions market.