STL Networks Secures ₹206.49 Cr Order from National Informatics Centre
STL Networks Limited received a purchase order worth ₹206.49 crore from National Informatics Centre Services Incorporated for network equipment. The order includes a 12-week implementation period and a 5-year warranty and AMC.
The order value of ₹206.49 crore is substantial and is expected to positively impact the company's revenue and operations.
The company has secured a new, significant order, which is positive for its business.
STL Networks Limited has announced the receipt of a significant Purchase Order from the National Informatics Centre Services Incorporated for the "Procurement of network equipment through NKN".
This order, valued at ₹206.49 crore (inclusive of taxes), is for a domestic entity. The implementation duration for this contract is 12 weeks, followed by a warranty and Annual Maintenance Contract (AMC) period of 5 years.
The company confirmed that neither its promoter, promoter group, nor any group companies have any interest in the National Informatics Centre Services Incorporated, and the transaction does not fall under related party transactions.
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STL Networks 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 STL Networks Limited. Read the original for the full detail.