Chiraharit Limited has shifted its contracting structure for the 'Supply and Services of MCS' project to a direct agreement with Greenko AP01 IREP Private Limited. This move replaces an indirect arrangement and secures a slightly higher work order value of ₹10.00 crore.
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Chiraharit Ltd Directs Greenko Contract, Value Increases to ₹10 Crore
New Work Order Value: ₹10.00 crore (₹999.74 lakh) Previous Order Value: ₹9.54 crore (₹954.37 lakh) Reader Takeaway: Direct contract secures higher value and simplifies operations. ## What just happened Chiraharit Limited announced a significant change in its contracting arrangement for the 'Supply and Services of MCS' project. The company has moved from an indirect execution model through a principal contractor, ICOMM TELE LIMITED, to a direct Composite EPC Agreement with its primary client, Greenko AP01 IREP Private Limited. ## Why this matters This structural shift is positive for Chiraharit Ltd as it replaces the previous indirect order. The direct contract with Greenko, effective from a Composite EPC Agreement signed on 14th July 2026, formalizes the relationship and is expected to streamline operations and potentially improve margins by removing the intermediary. The new work order value is ₹10.00 crore, a slight increase from the previous indirect order value of ₹9.54 crore. ## The backstory The company was previously executing this project via ICOMM TELE LIMITED, an arrangement that was reported to the BSE on 9th April 2026. An initial Letter of Acceptance (LOA) for the project was valued at ₹10.29 crore, dated 07th September 2024. The new direct agreement with Greenko represents a refinement of this project's execution structure. ## What changes now Chiraharit Ltd will now engage directly with Greenko for the MCS project supply and services. This direct relationship is anticipated to simplify the supply chain and enhance engagement with the end client. Project execution is confirmed to be currently in process under this new structure. ## Risks to watch While the direct contract is a positive operational update, investors should monitor the project execution progress to ensure it aligns with expectations. Any delays or unforeseen issues in direct client engagement could pose a risk. ## Peer comparison (No peer comparison data available in the filing.) ## Context metrics (time-bound) * **Initial LOA Value:** ₹10.29 crore (Dated 07-Sep-2024) * **Previous Order Value (via ICOMM Tele):** ₹9.54 crore (Reported 9th April 2026) * **New Direct Work Order Value (with Greenko):** ₹10.00 crore (Composite EPC Agreement signed 14th July 2026, received 20th July 2026) ## What to track next Investors should track the successful execution and completion of the ₹10.00 crore work order. Further developments in Chiraharit Ltd's direct client relationships and operational efficiency will be key indicators.
