NIS Management Renews ₹14.9 Cr Work Orders with Reliance Group
NIS Management Ltd. has announced the renewal of work orders with various entities under the Reliance Group, including Reliance Projects & Property Management Services Limited, V-Retail Limited, Reliance Brands Limited, and others. These renewed contracts are for Housekeeping Services, MEPC Electrical Services, and ancillary services. The total revenue expected from these renewed orders amounts to INR 14,94,48,448.60, inclusive of all taxes, and are set to be executed by March 31, 2027. The company views this as a positive development, highlighting the dedication of its team and its collaborative relationship with the Reliance Group. The company has confirmed that these orders do not fall under related party transactions.
Key Highlights
- NIS Management secures renewed work orders from Reliance Group.
- Total revenue from renewed orders is ₹14.94 Crore.
- Contracts are for housekeeping, electrical, and ancillary services.
- Execution period extends until March 31, 2027.
- Transaction is not considered a related party deal.
Price Impact
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