Apollo Sindoori Hotels secures contracts worth ₹64.3 Crore.
Apollo Sindoori Hotels' subsidiary, Sindoori Management Solutions, secured three new contracts. These include Integrated Facility Management at TATA MAIN HOSPITAL (33 months, ₹43.5 Cr), Facility Management at Rajasthan Secretariat (2 years, ₹5.2 Cr), and Manpower Outsourcing (1 year, ₹15.6 Cr). The total value of these contracts is approximately ₹64.3 Crore.
The new contracts are significant in value and duration, contributing to the company's revenue stream and market presence.
The company has secured multiple new work orders, indicating business growth and expansion.
Apollo Sindoori Hotels Limited announced that its wholly owned subsidiary, Sindoori Management Solutions Private Limited, has received new work orders from three entities.
The first contract is with TATA MAIN HOSPITAL for Integrated Facility Management & Porter Services, valued at ₹43,51,76,558 (exclusive of GST) and has a duration of 33 months. This project involves managing a 1000-bedded NABH-accredited hospital with approximately 750 trained manpower, focusing on compliance with NABH standards and ISO management systems.
The second contract is with the DEPARTMENT OF PERSONNEL, GOVERNMENT OF RAJASTHAN, SECRETARIAT for Facility Management Services. This contract is valued at ₹5,22,42,803 (exclusive of GST) and will last for 2 years. It entails deploying and managing 154 trained personnel for smooth and efficient facility operations, with a focus on operational efficiency, cleanliness, hygiene, and safety.
The third contract is with OVERSEAS MANPOWER CORPORATION LTD - CHENNAI for outsourcing of Manpower at Chennai Zone 1B and other locations in Tamil Nadu. This contract is valued at ₹15,56,76,000 (exclusive of GST) and has a duration of 1 year. The company will deploy and manage 22 workforce categories for the work order.
All three contracts are domestic and awarded to Sindoori Management Solutions Private Limited. The total commercial consideration for these orders amounts to ₹64,30,95,361 (exclusive of GST).
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Apollo Sindoori Hotels Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Apollo Sindoori Hotels Limited. Read the original for the full detail.