NIS Management Secures Rs 10.3 Cr Patna Secretariat Housekeeping Contract

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AuthorRiya Kapoor|Published at:
NIS Management Secures Rs 10.3 Cr Patna Secretariat Housekeeping Contract
Overview

NIS Management Ltd has won a five-year, Rs 10.36 crore housekeeping contract from Patna's Central Building Division. The agreement covers the Main and Old Secretariat campuses, marking a significant win for the facility management firm. The deal, valued at approximately $114,700 USD, underscores NIS Management's experience.

NIS Management Ltd has secured a five-year contract worth Rs 10.36 crore to provide comprehensive housekeeping services at Patna's Main Secretariat and Old Secretariat campus.
The agreement was awarded by the Central Building Division of the Building Construction Department in Bihar.

Contract Details

The domestic work order carries a total value of ₹10,36,07,027, inclusive of all applicable taxes. Based on current exchange rates of approximately ₹90.3 Indian rupees per USD 1, the contract is valued at roughly USD 114,700.

Operational Scope

Under the terms of the agreement, NIS Management will be responsible for routine cleaning, facility maintenance, and other essential support services across the two key government secretariat locations. The housekeeping scope is expected to span the next five years.

Company Statement

Company management described the contract win as a strong endorsement of NIS Management’s experience and its team’s dedication to delivering quality services. The firm also highlighted that the contract does not involve any interest from its promoter group and is not categorised as a related party transaction.

NIS Management's Profile

Incorporated in 1985, NIS Management Ltd operates as part of the NIS group. The company specializes in organised security services and facility management, offering services such as manned guarding, housekeeping, electronic surveillance, technical maintenance, and payroll management. Its client base includes government bodies, industrial clients, and multinational corporations, primarily operating on a wage-plus-service-charge model.

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