SIS wins Rs. 225 crores contract from Mahanadi Coalfields

SIS Limited (BSE: 540673, NSE: SIS), an Indian Multinational and Essential services Market Leader in India, today announced that it has been awarded a two-year contract valued at approximately Rs. 225 crores to provide security solutions at 18 sites of Mahanadi Coalfields located across India with an option to renew for a further one year period.

As part of the contract, SIS will deploy security personnel in different categories to provide security services across 18 sites of Mahanadi Coalfields at Sambalpur, Bhubaneshwar, IB Valley Coalfields and Talcher Coalfields.

Mr. Rituraj Sinha, Managing Director, SIS Group commented: "We are honoured to have been selected as a partner by Mahanadi Coalfields for their security requirements across their sites. This is our first large value order in the Coal industries segment and we are delighted to provide round the clock security coverage for Mahanadi Coalfields. Our strong capabilities, backed by our extensive experience in curating and providing customised and specific security solutions to meet the unique needs of our customers, will enable us to deliver a successful solution to them.

Shares of SIS LIMITED was last trading in BSE at Rs. 480.80 as compared to the previous close of Rs. 496.95. The total number of shares traded during the day was 11164 in over 667 trades.

The stock hit an intraday high of Rs. 509.90 and intraday low of 476.50. The net turnover during the day was Rs. 5396922.00.

Source : Equity Bulls

Keywords

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