Techknowgreen Solutions Secures Rs 4.74 Crore Work Order for ILP to IIA Conversion Project

1 min read Updated on 22 Aug 2025, 07:55 PM

Reviewed by

Ashish ThakurBy ScanX News Team

Overview

Techknowgreen Solutions Limited has won a Rs 4.74 crore contract from Indran Logistics Park Pvt Ltd to convert an Integrated Logistics Park (ILP) to an Integrated Industrial Area (IIA) at the Khopoli-2 site. The project, due by September 30, 2025, involves regulatory and planning services. The payment is structured in three installments based on project milestones. The company confirmed no related party transactions are involved, adhering to corporate governance standards. This contract was disclosed to the BSE on August 22, 2025, in compliance with SEBI regulations.

*this image is generated using AI for illustrative purposes only.

Techknowgreen Solutions Limited has announced a significant business development, securing a work order worth Rs 4.74 crore from Indran Logistics Park Pvt Ltd. The contract, which includes GST, involves a crucial conversion project that showcases the company's expertise in regulatory and planning services.

Project Details

The work order, dated August 14, 2025, tasks Techknowgreen Solutions with obtaining the conversion of ILP (Integrated Logistics Park) to IIA (Integrated Industrial Area) for the Khopoli-2 site. This project highlights the company's role in facilitating important industrial transformations and navigating complex regulatory processes.

Timeline and Deliverables

Project Deadline: September 30, 2025
Scope: Conversion of ILP to IIA for Khopoli-2 site
Client: Indran Logistics Park Pvt Ltd (a domestic entity)

Financial Terms

The contract, valued at Rs 4,74,36,000 including GST, comes with a structured payment schedule:

Payment Milestone	Percentage	Trigger Event
First Installment	25%	Filing application to Chief Planner of MIDC
Second Installment	25%	Obtaining Chief Planner recommendation to HPC
Final Payment	50%	Receiving final IIA conversion order

Corporate Governance

Techknowgreen Solutions has confirmed that this contract does not involve any related party transactions or interests from the promoter group. This transparency aligns with the company's commitment to good corporate governance practices.

Market Implications

This new work order represents a significant project for Techknowgreen Solutions, potentially boosting its revenue and showcasing its capabilities in handling complex industrial conversions. The project's success could position the company for similar high-value contracts in the future, particularly in the rapidly evolving logistics and industrial sectors.

Disclosure Compliance

In adherence to regulatory requirements, Techknowgreen Solutions promptly disclosed this development to the BSE on August 22, 2025, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This timely disclosure underscores the company's commitment to transparency and regulatory compliance.

As Techknowgreen Solutions embarks on this significant project, stakeholders will be keenly watching its execution and the potential impact on the company's financial performance in the coming quarters.

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