Almondz Global Subsidiary Wins ₹33.15 Cr IDCO Project
Almondz Global Infra Consultant Limited, a subsidiary of Almondz Global Securities Ltd, has received a Letter of Award (LOA) from Odisha Industrial Infrastructure Development Corporation (IDCO) for Programme Management Consultancy services. The contract is valued at ₹33.15 Crore (excluding GST) and spans a period of two years. The award was secured through a competitive Quality and Cost Based Selection (QCBS) evaluation, where the subsidiary was declared the H1 bidder. Key terms include the submission of a performance bank guarantee of ₹3.31 Crore within 7 days and the execution of a contract agreement within 15 days. This award reinforces the Group's presence in the infrastructure consultancy and project management sector and highlights the confidence of a government undertaking in AGICL's capabilities.
Key Highlights
- Subsidiary AGICL awarded ₹33.15 Cr consultancy contract by IDCO.
- Contract duration is two years for Programme Management Consultancy.
- Award secured via competitive QCBS evaluation, declared H1 bidder.
- Requires performance guarantee and contract execution within stipulated timelines.
Price Impact
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