SBC Exports Secures ₹ 25 Lakh Work Order from Ministry of Electronics
Filing Summary
SBC Exports Ltd has been awarded a work order by the Ministry of Electronics and Information Technology through NICSI. The order, valued at ₹ 25,53,464, involves providing office support, project management support, and rollout services. The contract is domestic and is set to be executed over eight months. Payment will be made monthly based on the duration of services rendered. The order does not involve any related party transactions, and no interest from promoters is reported.
SBC Exports Ltd has announced the receipt of a work order from the Ministry of Electronics and Information Technology through NICSI. The work order, identified by Work Order No. M2510760, is valued at ₹ 25,53,464. It involves providing office support, project management support, and rollout services. The contract is domestic and is scheduled for execution over a period of eight months.
The terms of the contract specify that the selected vendor, SBC Exports, will fulfill obligations under the tender to NICSI or user departments as required. Payments to the company will be made on a monthly basis, contingent upon the actual duration of services provided at NICSI or user offices. An amount equivalent to the Earnest Money Deposit (EMD) must be submitted as a security deposit in the form of a bank guarantee. This is required for the period of empanelment plus three months. Alternatively, if a demand draft was submitted as EMD, it can be converted into a security deposit for the same duration.
The contract prohibits the assignment or subletting of the empanelment or any part thereof to another agency. Violation of this condition will result in termination of the empanelment and forfeiture of the security deposit. Additionally, GST will be paid extra as applicable.
The order does not fall under related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the contract. The work order is purely domestic, and no international entities are involved.
NICSI, the National Informatics Centre Services Inc., is responsible for facilitating the implementation of e-governance projects and providing IT services to government departments. It operates under the Ministry of Electronics and Information Technology, focusing on enhancing IT infrastructure and services across various government sectors.
SBC Exports Ltd is engaged in providing a range of services including office support and project management. The company focuses on expanding its service offerings and securing government contracts to enhance its business operations and market presence.