Deals18 Mar 2024, 11:53 pm
Swan Energy's Subsidiary Veritas Receives Rs.155.85 Crore Letter of Acceptance from BMC
AI Summary
Swan Energy's subsidiary company, Veritas (India) Limited, in partnership with Genesys International Corporation Limited, has received a Letter of Acceptance (LOA) worth Rs.155.85 crores from the Brihanmumbai Municipal Corporation (BMC). The LOA is for the development, implementation, and maintenance of a 3D city model and change detection using geospatial technology for the BMC. This information is being shared in accordance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.
Key Highlights
- Swan Energy's subsidiary Veritas receives LOA from the Brihanmumbai Municipal Corporation
- The LOA is worth Rs.155.85 crores
- The project involves development, implementation, and maintenance of a 3D city model
- Partnership with Genesys International Corporation Limited for the project
- Complies with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015