Choice International Subsidiaries Secure ₹55 Crore in Government Projects
Choice International's subsidiaries secured new government projects totaling ₹55 crores. Key mandates include infrastructure development, e-governance, media monitoring, and financial advisory services across multiple states. Projects range from 2 months to 84 months in duration.
The aggregate value of the new projects is ₹55 crores, which is a material but not overwhelmingly large sum for a diversified financial services group. The impact is expected to be positive, contributing to revenue and market presence.
The announcement details significant new project wins for the company's subsidiaries, indicating business growth and expansion, which is positive for the company.
Choice International Limited announced that its subsidiaries, Choice Consultancy Services Private Limited (CCSPL), Choice Capital Advisors Private Limited (CCAPL), and Ayoleeza Consultants Private Limited (ACPL), have secured significant development projects across various Indian states. These projects, with an aggregate value of approximately ₹55 crores (inclusive of GST), span sectors such as government school infrastructure, agriculture, media monitoring, project supervision, municipal services, IT surveillance, e-governance, and financial services.
Key projects include the preparation of a Detailed Project Report (DPR) for school infrastructure in Karnataka (₹17.86 crores, 2 months), PACS computerization in Karnataka (₹11.44 crores, 15 months), and establishing a Media Monitoring Centre in Maharashtra (₹9.98 crores, 18 months). Additionally, ACPL will provide Project Supervision Services for South Central Railway (₹5.07 crores, 24 months) and prepare a DPR for highway infrastructure in Maharashtra (₹2.42 crores, 15 months).
Further mandates include PMU services for Municipal Corporation Chandigarh (₹2.48 crores, 24 months) and Pradhan Mantri Fasal Bima Yojana (PMFBY) in Odisha (₹1.84 crores, 24 months). CCSPL will also provide cloud-based CCTV and surveillance solutions in Andhra Pradesh (₹1.51 crores, 6 months), and act as an Independent Engineer & Auditor for food grain silos in Rajasthan (₹1.37 crores, 27 months). Other projects involve PMU financial governance support in Chhattisgarh (₹82.79 lakhs, 12 months) and a GST reform impact study for the textile sector in Maharashtra (₹65.00 lakhs, 3 months).
CCAPL will also support the setup and operationalization of the Assam Industrial and Green Growth Fund, with a duration of 84 months. None of the promoters or group companies have any direct or indirect interest in the entities awarding these projects, and they are not related party transactions.
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