Deals15 Jul 2024, 10:21 pm
APLAB LTD. Eligible for Rs. 48 Crores Order from Large Public Sector Bank
AI Summary
APLAB LTD. has been declared L2 in a tender by a large Public Sector bank on the GeM Portal, making them eligible for 40% of the order. The total order over 7 years is expected to be about Rs. 57 crores. The supply of kiosks will be over 2 years and the Total Cost of Ownership (TCO) for the bank is also for 7 years. It's important to note that these are forward-looking statements and no order has been received yet. The expected impact, in the case of Aplab being awarded the order, will exceed 2% of Aplab’s turnover during the financial year 2024-25.
Key Highlights
- APLAB LTD. declared L2 in a tender by a large Public Sector bank
- Eligible for 40% of the order, totaling to Rs. 48 crores over 7 years
- Total order over 7 years expected to be about Rs. 57 crores
- Supply of kiosks to be over 2 years, TCO for 7 years
- Forward-looking statements, no order received yet