SIS stock surges over 2% after winning Rs225 crore contract from Mahanadi Coalfields

23 Feb 2022 , 09:42 AM

SIS Limited, an Indian Multinational and Essential services Market Leader in India stocks in the fast lane on Wednesday’s market session as the company has been awarded a two-year contract valued at approximately Rs225 crore to provide security solutions at 18 sites of Mahanadi Coalfields located across India with an option to renew for a further one year period.

At around 9:46 AM, SIS stock surged over 2% so far today at Rs491.90 per piece against previous closing of Rs480.80 per piece on Sensex.

As part of the contract, SIS will deploy security personnel in different categories to provide security services across 18 sites of Mahanadi Coalfields at Sambalpur, Bhubaneshwar, IB Valley Coalfields and Talcher Coalfields.

Rituraj Sinha, Managing Director, SIS Group commented, “We are honoured to have been selected as a partner by Mahanadi Coalfields for their security requirements across their sites. This is our first large value order in the Coal industries segment and we are delighted to provide round the clock security coverage for Mahanadi Coalfields.”

Further he added, “Our strong capabilities, backed by our extensive experience in curating and providing customised and specific security solutions to meet the unique needs of our customers, will enable us to deliver a successful solution to them.”