ITCONS E-Solutions Wins ₹41.54 Cr Defence Contract from Hindustan Aeronautics Limited

ITCONS E-Solutions Limited has secured a substantial contract worth ₹41.54 crores from Hindustan Aeronautics Limited, marking a significant achievement for the IT solutions provider. The contract was awarded by Hindustan Aeronautics Limited under the Department of Defence Production, Ministry of Defence, demonstrating the company's growing presence in the defence sector.

Contract Details and Scope

The comprehensive contract involves the deployment of 75 resources for manpower outsourcing services over a two-year period. The agreement is structured as a domestic contract with Hindustan Aeronautics Limited, a leading aerospace and defence manufacturer in India.

Contract Parameter	Details
Contract Value	₹41,535,187.41
Duration	2 years
Resources Required	75 personnel
Service Type	Manpower Outsourcing Services
Client Type	Domestic entity

Timeline and Implementation

The contract is scheduled to commence on January 1, 2026, and will remain in force until December 31, 2027. The agreement includes provisions for potential extension through mutual consent between both parties, providing flexibility for continued collaboration beyond the initial term.

Financial and Regulatory Aspects

The total contract value of ₹41,535,187.41 includes all applicable taxes and duties, providing clarity on the comprehensive financial scope. The company has confirmed that this contract does not involve any related party transactions and operates at arm's length principles.

Regulatory Aspect	Status
Related Party Transaction	No
Promoter Group Interest	None
Compliance	SEBI Regulation 30
Transaction Nature	Arm's length

Strategic Significance

ITCONS E-Solutions Limited highlighted that this contract represents a significant milestone for the company, reflecting the continued trust placed in them by government agencies. The defence sector contract strengthens the company's portfolio in providing specialized IT and manpower solutions to critical government departments.

Company Background

The announcement was made through a regulatory filing under SEBI Regulation 30, ensuring transparency and compliance with listing obligations. ITCONS E-Solutions Limited operates from its registered office in New Delhi and specializes in providing comprehensive IT solutions and services to various sectors including government and defence.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.58%	-3.48%	-21.69%	-23.57%	-31.85%	+787.22%

ITCONS E-Solutions has successfully secured a significant contract valued at ₹41.5 million, marking a notable business development for the technology solutions company.

Contract Details

The company announced the contract win, which represents a substantial addition to its order book. The following table summarizes the key contract parameters:

Parameter	Details
Contract Value	₹41.50 million
Contracting Company	ITCONS E-Solutions

Business Impact

This contract acquisition demonstrates ITCONS E-Solutions' ability to compete effectively in the technology solutions market and secure significant business opportunities. The ₹41.50 million contract value reflects client confidence in the company's service delivery capabilities.

The contract win is expected to contribute positively to the company's revenue pipeline and strengthen its position in the competitive technology services sector. For a company operating in the miscellaneous sector classification, this contract represents meaningful business growth potential.

Company Profile

ITCONS E-Solutions operates as a technology solutions provider, serving clients across various industry segments. The company is classified under the small-cap category with a market capitalization of ₹326.63 crores, positioning it as an emerging player in the technology services space.

This latest contract win adds to the company's growing portfolio of client engagements and demonstrates its capacity to deliver comprehensive technology solutions to meet diverse client requirements.