Core Announcement – Order Details
Awarding Entity: Mahanagar Gas Limited (MGL)
Domestic/International Order: Domestic
Nature of Order/Contract:
Hiring of services for Operations of CNG Stations. The service involves Providing Manpower Services.
Order Value:
INR 30,63,27,576/- (Rupees Thirty Crore Sixty-Three Lakhs Twenty-Seven Thousand Five Hundred and Seventy-Six only), excluding applicable taxes.
Materiality Context:
The disclosure states the order "further strengthens Aarvi Encon Limited's presence in the technical manpower services segment and reinforces its relationship with leading organisations in the energy and infrastructure sectors."
Execution Timeline:
The order is effective from September 1, 2026, to August 31, 2029, for a period of three years.
Revenue Recognition / Billing Structure:
Not Specified.
Key Terms & Payment Milestones:
Not Specified.
Whether Related Party Transaction:
No.
Promoter Group Involvement:
No. The promoter/promoter group/group companies have no interest in Mahanagar Gas Limited.
Financial Implication:
Not Specified.