Hiliks Technologies Bags ₹95.5 Cr Subcontract for Railway Works
Hiliks Technologies Ltd has entered into a significant sub-contract agreement with M/s. KMC Constructions Limited for Signaling and Telecommunication works. The project involves the doubling of a track between Akanapet Jn. & Medchal Stations, including the implementation of Kavach, for South Central Railway in Telangana. The value of this subcontract is Rs. 95,51,14,237/-, with an execution period of 24 months. The company has also secured the necessary approval from South Central Railway. This order contributes to a cumulative pending order book of Rs. 165 Crores. The promoter and promoter group have no interest in KMC Constructions Limited, and the transaction is not considered a related party transaction.
Key Highlights
- Secured a subcontract worth ₹95.51 Crores for railway signaling and telecommunication works.
- Project involves track doubling and Kavach implementation in South Central Railway.
- Subcontract agreement with KMC Constructions Limited, to be executed in 24 months.
- Cumulative pending orders now stand at ₹165 Crores.
- Transaction is not a related party deal and promoters have no interest in the awarding entity.
Price Impact
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