Press Release on securing a Rs. 7.93 Crore DDU-GKY Skill Development Project in Odisha.
ORDERS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 03 Aug 2026, 04:16 PM IST · BSE ID: 54b20a57-661c-43d1-8880-e312155b9491
View Original BSE Filing (PDF)
💡
In Simple Terms
The company won a new contract worth Rs. 7.93 Crore to train 1,200 young people in Odisha over two years.
🤖 AI Summary
- NIS Management secured a Rs. 7.93 Cr skill development project in Odisha.
- The project is under the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY).
- It will provide residential training to 1,200 rural youth over 24 months.
- The project aims for industry-oriented training with placement support.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Youth to be Trained
1,200
Project Implementation Period
24 months
🏢 How This Affects the Company
This order win strengthens NIS Management's position in the government-supported skill development sector. It diversifies its service offerings beyond security and facility management.
The project adds approximately Rs. 7.93 Cr to the company's order book over a 24-month implementation period.
The company will establish operations for residential training programs, including structured training, assessment, certification, and placement support for 1,200 individuals.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders regarding this order win.
👤
Who Is Affected
All shareholders are affected by the potential revenue and business expansion this order represents.
🔍
Management Signal
Management signals a strategic focus on expanding into and strengthening its presence within the government-backed skill development sector.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Project commencement confirmation from ORMAS.
Milestone achievements in training delivery.
First revenue recognition from the project.
LOW RISK
Order win is confirmed by a government body, and the terms are defined, mitigating immediate execution risk.
💡 Investor Takeaway
NIS Management secured a Rs. 7.93 Crore skill development project in Odisha, to be implemented over 24 months, training 1,200 rural youth.
⚖️ Strengths & Concerns
✅ Positives
- Secured a significant Rs. 7.93 Crore DDU-GKY skill development project in Odisha.
- Project mandates training for 1,200 rural youth over a 24-month implementation period.
📅 Company Track Record
NIS Management has recently secured multiple work orders, including Rs. 11.90 Crore for security services in West Bengal and renewal of Reliance Group orders worth INR 14.94 Crore for core services.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the value of the DDU-GKY skill development project secured by NIS Management in Odisha?
NIS Management has secured a skill development project valued at approximately ₹7.93 Cr under the DDU-GKY program in Odisha.
Who awarded the skill development project to NIS Management in Odisha?
The project has been sanctioned by the Odisha Rural Development and Marketing Society (ORMAS).
What is the duration and scope of the DDU-GKY project in Odisha for NIS Management?
The project will be implemented over 24 months, providing residential skill development training to 1,200 rural youth.
What is NIS Management's role in the DDU-GKY project?
NIS Management will provide industry-oriented residential skill development programmes including training, assessment, certification, and placement support.
Questions based on this BSE filing only. For information purposes.