TAKYON NETWORKS LTD has been awarded a work order valued at ₹1,33,06,748.84 from the Indian Institute of Technology, Kanpur (IIT Kanpur). The contract is for the supply and installation of modern smart racks. This significant order is expected to be executed within 60 days, contributing positively to the company’s revenue streams and showcasing its capabilities in providing advanced technological infrastructure solutions.
New Work Order Secured
TAKYON NETWORKS LTD has announced the receipt of a new work order from the prestigious Indian Institute of Technology, Kanpur (IIT Kanpur). The order, amounting to ₹1,33,06,748.84 (Rupees One Crore Thirty-three Lakhs Six Thousand Seven Hundred & Eighty-Four Paise only), is for the crucial supply and installation of modern smart racks. This development highlights TAKYON NETWORKS’ growing presence and capability in serving major educational and research institutions.
Contract Details and Execution
The significant work order requires TAKYON NETWORKS to provide comprehensive solutions including the supply, testing, and commissioning of these smart racks. The contract specifies two distinct item descriptions: the first for racks with a minimum 30KW capacity, and the second for racks with a minimum 50KW capacity. The total value, including taxes and charges like GST, freight, and packing, sums up to the aforementioned ₹1,33,06,748.84. The delivery period for this project is stipulated to be within 60 days from the date of order receipt, with strict terms regarding timely completion and quality assurance.
Financial Implications
This work order represents a substantial addition to TAKYON NETWORKS’ current order book. The company has confirmed that the total value, including GST at 18%, freight charges, and packing and forwarding, amounts to ₹13,306,748.84. Payments are structured to be made 100% against delivery, following satisfactory installation and approval of the materials. Penalties are in place for delayed delivery, underscoring the importance of timely execution for TAKYON NETWORKS.
Source: BSE
