Core Announcement – Order Details
Awarding Entity: Odisha Industrial Infrastructure Development Corporation (IDCO), a Government of Odisha Undertaking, Bhubaneswar
Domestic/International Order: Domestic
Nature of Order/Contract: Engagement of Programme Management Consultant for various projects of IDCO. Reference: RFP Notice No. 35363 dated 11.12.2025; Bid Identification No. Civil/EST/24/2025-26
Order Value: Rs. 33,15,20,000/- (Rupees Thirty-Three Crore Fifteen Lakh Twenty Thousand only), excluding GST
Materiality Context: Not Specified
Execution Timeline: Two (2) years tenure
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones:
- Submission of performance bank guarantee of Rs. 3,31,52,000/- within 7 days from issuance of LOA
- Execution of Contract Agreement within 15 days from issuance of LOA
- Separate agreement to be signed with parent company Almondz Global Securities Limited in prescribed format
Whether Related Party Transaction: No. IDCO is not a related party of the Company
Promoter Group Involvement: No. None of the promoter/promoter group/group companies has any interest in the awarding entity
Financial Implication: Not Specified