Icon Facilitators has won a new order worth ₹1.12 crore for technical services from Cushman & Wakefield in Gurugram. The contract is for 12 months and is not a related party transaction.
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Icon Facilitators Secures ₹1.12 Crore Order from Cushman & Wakefield
Icon Facilitators Ltd has announced a significant new order acquisition, receiving a formal order from Cushman & Wakefield Property Management Services India Private Limited. The contract is valued at ₹1.12 crore (111.93 lakh) for the provision of technical services. ## What just happened Icon Facilitators will provide technical services for a period of 12 months at two locations: Elan Epic and Elan Town Centre in Gurugram, Haryana. The client is Cushman & Wakefield Property Management Services India Private Limited. ## Why this matters This new order demonstrates Icon Facilitators' capability to secure business in the property management sector. The ₹1.12 crore contract will contribute to the company's revenue over the next fiscal year, offering visibility into future earnings. ## The backstory Icon Facilitators operates in the business support services sector, offering various facility management and technical services. ## What changes now The company will commence providing technical services, adding to its existing revenue streams. The execution period is set for 12 months. ## Risks to watch Key risks include the company's ability to execute the contract successfully within the 12-month period and maintain service quality. Future order book sustainability is also a factor. ## Peer comparison Companies in the facility management and technical services sector often compete on service quality, pricing, and client relationships. Performance varies based on contract wins and execution capabilities. ## Context metrics (time-bound) The contract value is ₹1.12 crore, with an execution period of 12 months, starting from the order date. ## What to track next Investors should monitor the company's financial reports for revenue recognition from this contract and watch for further order acquisitions.
