STL Networks Receives Letter of Intent from NICSI for Network Equipment
Filing Summary
STL Networks Ltd has received a Letter of Intent from National Informatics Centre Services Incorporated (NICSI) for the procurement of network equipment through NKN. The company emerged as the Lowest Bidder (L1) for this contract. The order is valued at INR 175 crore, exclusive of taxes. The contract terms and time period are specified under bid number GEM/2025/B/6918691. There is no interest from the promoter group in NICSI, and the transaction does not qualify as a related party transaction.
STL Networks Ltd has announced the receipt of a Letter of Intent from National Informatics Centre Services Incorporated (NICSI) for the procurement of network equipment through NKN. This development was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company has emerged as the Lowest Bidder (L1) for this contract. The order is valued at INR 175 crore, exclusive of taxes. The significant terms and conditions, as well as the time period associated with the order, are detailed under bid number GEM/2025/B/6918691.
There is no interest from the promoter or promoter group in NICSI, and the transaction does not fall within related party transactions. The disclosure is also available on the company’s website.
National Informatics Centre Services Incorporated is involved in providing IT services and solutions to various government departments and organizations. It focuses on enhancing digital infrastructure and services across the country.
STL Networks Ltd specializes in providing network solutions and services. The company focuses on expanding its capabilities in the telecommunications sector and enhancing its service offerings to meet the growing demands of digital infrastructure.