NIS Management Receives ₹19.57 Crore Patna Work Order

Key Quantitative Figures

The total value of the work order is ₹19,56,93,449 (Rupees Nineteen Crore Fifty-Six Lakh Ninety-Three Thousand Four Hundred Forty-Nine Only), inclusive of applicable taxes.

Parties Involved

• Awarding Entity: Office of Chief Engineer (Patna), Building Construction Department
• Recipient Entity: NIS Management Limited (Scrip Code: 544495)

Contract Details

• Nature of Work: Comprehensive Housekeeping, Operation & Maintenance of Type-A and B flats at Gardanibagh, Patna
• Execution Period: 5 (five) years from the date of issuance of the work order
• Geographic Scope: Domestic (Patna, Bihar)
• Transaction Type: Domestic entity to domestic entity

Ownership and Transaction Details

• The 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
• The transaction is conducted at arm's length basis

Additional Information

The company is ISO 9001:2015 certified and views this order as a testament to their team's dedication and expertise.