ITCONS E-Solutions Limited , a provider of IT and manpower services, has recently secured two significant government contracts, showcasing its growing presence in the public sector.

ICMR Mumbai Contract

ITCONS has been awarded a contract worth INR 53,06,395.15 by the Indian Council of Medical Research (ICMR), Mumbai. The contract involves providing 7 skilled and semi-skilled resources for manpower services over a two-year period from October 01, 2025 to September 30, 2027. This contract value is inclusive of all taxes and duties.

UP Power Transmission Corporation Contract

In addition to the ICMR contract, ITCONS has also secured a larger contract with the UP Power Transmission Corporation Ltd, UP State Load Dispatch Centre Lucknow. This one-year contract, valued at INR 4,15,00,716.03, requires ITCONS to provide 133 resources. The contract is set to run from October 01, 2025 to September 30, 2026.

Contract Details

Both contracts have the potential for extension based on mutual agreement between the parties. The company has described these contracts as significant milestones, reflecting the continued trust placed in ITCONS by government agencies.

Company Outlook

These contracts underscore ITCONS E-Solutions' capability to secure and manage substantial government projects. The company's ability to win contracts from diverse government entities, including both healthcare and power sectors, demonstrates its versatility in providing manpower solutions across different domains.

The total value of these two contracts amounts to over INR 4.68 crore, which could potentially have a positive impact on the company's financial performance for the fiscal years 2025-2027, subject to successful execution and any potential extensions.

Investors and market watchers may view these developments as positive indicators of ITCONS E-Solutions' growth trajectory and its strengthening position in the government services sector.

ITCONS E-Solutions Limited has announced a significant milestone in its business operations, securing a new contract worth INR 4.15 crore from UP Power Transmission Corporation Ltd. The company, which specializes in IT solutions, will be providing manpower services to the state-owned power utility.

Contract Details

The contract, valued at INR 4,15,00,716.03 (inclusive of all taxes and duties), involves the deployment of 133 skilled and semi-skilled resources for manpower services. Here are the key points of the agreement:

• Duration: One year, from October 1, 2025, to September 30, 2026
• Possibility of Extension: The contract may be extended by mutual agreement between the parties
• Awarding Entity: UP Power Transmission Corporation Ltd, UP State Load Dispatch Centre Lucknow
• Nature of Service: Supply of Manpower Services

Significance for ITCONS E-Solutions

This contract represents a notable achievement for ITCONS E-Solutions, highlighting the company's growing presence in the government sector. The company stated that this development reflects the continued trust placed in them by government agencies.

Compliance and Transparency

In line with regulatory requirements, ITCONS E-Solutions has made the following disclosures:

• The contract does not fall within related party transactions
• The promoter group has no interest in UP Power Transmission Corporation Ltd, the entity awarding the contract

Market Impact

This new contract could potentially have a positive impact on ITCONS E-Solutions' financial performance for the fiscal year 2025-2026. However, investors should note that the actual impact will depend on various factors, including the company's overall performance and market conditions.

ITCONS E-Solutions Limited continues to demonstrate its capability in securing government contracts, which may contribute to its growth strategy in the IT services sector.