NIS Management Limited has received a work order from the Department of Technical Education Training & Skill Development (TET & SD), Government of West Bengal. The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The work order is for undertaking the training of 210 rural youth and facilitating the placement of 150 rural youth in the state of West Bengal under the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) project.
Key Contract Details
- Contract Value: ₹1,50,31,455 (Rupees One Crore Fifty Lakh Thirty-One Thousand Four Hundred Fifty-Five Only)
- Awarding Entity: Department of Technical Education Training & Skill Development (TET & SD), Government of West Bengal
- Nature of Work: Skill development training and placement facilitation for rural youth
- Project Framework: Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY)
- Execution Timeline: 36 months (Thirty-Six months) from the effective date of the work order
- Entity Classification: Domestic entity awarding a domestic contract
Ownership and Transaction Details
- Promoter/promoter group/group companies have no interest in the entity that awarded the order
- The order does not fall under the ambit of Related Party Transaction
- Transaction confirmed to be at arm's length