Cressanda wins prestigious Eastern Railway order

Cressanda Solutions Limited, has successfully won the bid in recently concluded tender floated by Eastern Railway, Ministry of Railways, towards "Provision of advertisement in EMU trains and provision of concierge services along with advertisement in Mail/Express and Premium trains operated with rakes whose primary maintenance is done by Eastern Railway".

As part of the Eastern Railway tender Cressanda will get rights to advertise on interior/exterior surfaces of over 500 Mail Express/Premium trains/Inter-city trains/Local trains and provide a bouquet of services comprising on-board sale of non-catering travel related items, on board Wi-Fi, internet services and Content on Demand in Mail/Express and premium trains.

Cressanda received an Offer Letter from Eastern Railway as a successful bidder. This contract is valid for a period of 5 years.

Cressanda joined hands with Broadcast Engineering Consultants India Limited (BECIL) a Govt. of India MINI RATNA Enterprise under Ministry of Information and Broadcasting and signed a joint consortium to bid for this marquee tender from the Ministry of Railways.

Mr. Manohar Iyer, MD & CEO of Cressanda Solutions Limited and Mr. Bipin Pandey, Deputy General Manager, Broadcast Engineering Consultants India Limited (BECIL) signed the joint pre-bid revenue sharing agreement to bid for this marquee tender from Eastern Railway.

Shares of CRESSANDA SOLUTIONS LTD. was last trading in BSE at Rs. 24.62 as compared to the previous close of Rs. 23.45. The total number of shares traded during the day was 2221682 in over 1895 trades.

The stock hit an intraday high of Rs. 24.62 and intraday low of 23.60. The net turnover during the day was Rs. 54169337.00.

Source : Equity Bulls

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