Brahmaputra Infrastructure Wins NHIDCL Short Term Maintenance Contract
The contract value, inclusive of GST, amounts to Rs 257.87 million (mn), which reflects the amount stated in the Letter of Acceptance and the company filing. Brahmaputra Infrastructure Limited has been declared L-1, or lowest bidder, for the project, and the approving authority is the Executive Director (P) at the NHIDCL Regional Office in Guwahati, with the issuing signatory recorded as Binayak Kumar, General Manager (P). The procurement and award process adheres to the terms set out in the LOA and related bid documents.
The company is in the process of fulfilling pre-contract obligations, including furnishing the required performance security and executing the formal contract agreement as stipulated in the LOA. The contract is to be completed within 12 months from the date of formal award, and the order is not a related party transaction, nor does any promoter or promoter group company have an interest in the awarding entity. Operational mobilisation and compliance activities will follow statutory and contractual prescriptions.
Further, in accordance with the company's code of conduct for the prevention of insider trading and the Securities and Exchange Board of India regulations, the trading window for dealing in the securities of the company by designated employees and connected persons will remain closed until the expiry of 48 hours from this announcement. The company has requested that the exchange take the information on record and disseminate it to concerned parties.