Prithvi Exchange wins ITDC foreign currency collection contract

Prithvi Exchange (India) Limited has received a Letter of Acceptance and Award of Work from India Tourism Development Corporation Limited (ITDC), a Miniratna - I CPSE. The contract involves the collection, pick-up, and purchase of Foreign Currency Notes (FCNs) from specified ITDC Units/Duty Free Shops, and the remittance of the corresponding Indian Rupee amount to ITDC. The company's offer was technically qualified and ranked L1 in the financial evaluation for the tender. This two-year contract, effective from October 1, 2026, to September 30, 2028, includes a provision for a one-year extension based on satisfactory performance. This award strengthens Prithvi Exchange's presence in the institutional and travel-related foreign exchange services segment, expanding its reach across major ports and ITDC Duty Free Shops in India.