Techknowgreen Solutions wins Rs 7.86 crore air quality monitoring contract from GUIDE
Techknowgreen Solutions Limited announced on Thursday that it has secured a sub-contract work order worth ₹7.86 crore from the Gujarat Institute of Desert Ecology (GUIDE), under the main customer Deendayal Port Authority (DPA).
In its stock exchange filing, the company said the order involves 'continuous air quality management through the provision of two Continuous Ambient Air Quality Monitoring System (CAAQMS) units, along with a comprehensive maintenance contract for three years.'
According to the disclosure, the payment terms include 25% of the contract price against successful installation and commissioning of the two systems, with the remaining 75% to be paid monthly on a pro-rata basis over 36 months.
The contract is awarded by a domestic entity, and the project timeline will be mutually agreed upon by the parties involved. This order marks a quick win for the company's Gujarat regional office, reflecting the strategic value of its recent expansion into key locations across India.
Techknowgreen stated that neither its promoters nor group companies have any interest in the awarding entity, and the transaction does not fall under related party transactions.
This new order, valued at ₹7,86,09,952, highlights Techknowgreen's growing presence in the environmental solutions sector and its role in advancing air quality monitoring initiatives in India.
Disclaimer: The information provided is for informational purposes only and does not constitute financial or investment advice. Please consult a professional advisor before making any investment decisions.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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