Deals29 May 2025, 04:35 pm
Vortex Engineering Wins 600 ATM Machines LOI from Punjab & Sind Bank Worth Rs. 39.38 Crore
AI Summary
Vortex Engineering Private Limited, a subsidiary of Vakrangee Limited, has received a Letter of Intent (LOI) from Punjab & Sind Bank for the end-to-end supply, commissioning, and maintenance of 600 ATMs and UPS including AMC for a period of 5 years, with a contract value of Rs. 39.38 Crore. Vortex Engineering has been selected as the L-1 bidder under the terms of the Request for Proposal (RFP) floated by Punjab & Sind Bank.
Key Highlights
- Vortex Engineering has received an LOI from Punjab & Sind Bank for 600 ATMs and UPS including AMC for 5 years.
- The contract value is Rs. 39.38 Crore, and Vortex Engineering is the L-1 bidder.
- This order strengthens Vortex's position as a trusted provider of advanced ATM solutions.
- Vortex Engineering is a Swadeshi and Make-in-India company, contributing to India's self-reliance and technological advancement.
- Vortex Engineering has supplied over 14,000 ATM machines and holds 9 patents in the field of ATMs and cash dispensers.