Receives work order worth ~Rs. 1.33 crore from Indian Institute of Technology, Kanpur
Takyon Networks Ltd has received a work order worth ~Rs.
By ScoutQuest · · 2 min read
- Order Value
- ~Rs. 1.33 crore
- Execution Timeline
- within 60 days
- Warranty
- 36 months
What the company told the exchange
- Takyon Networks Ltd has received a work order from the Indian Institute of Technology, Kanpur.
- The value stated in the letter is ~Rs. 1.33 crore; the annexure describes the size as INR 1.33 Crores.
- The scope is supply and installation of Modern Smart Racks.
- The awarding entity is domestic and the contract is domestic.
- The order is to be executed within 60 days.
- The promoter, promoter group and group companies have no interest in the awarding entity, and the order is not a related-party transaction.
What the attached purchase order shows
- Total value on the purchase order is ~Rs. 1.33 crore, with a warranty of 36 months.
- The rates are exclusive of Goods & Services Tax, which is shown at 18%.
- Freight charges and packing and forwarding charges are on actuals, and prices are free delivery to the institute.
- Payment is 100% against delivery, but after installation and satisfactory approval of the material.
- Delivery must be completed within 60 days of receipt of the order. Delay attracts a penalty of 0.5% per week or part thereof, subject to a maximum of 10% of the delivery price, and the institute reserves the right to cancel the order if supply is not completed in time.
- The institute may allow a one-time delivery extension if the supplier requests it within the stipulated delivery period.
How to read this
This is an order-level disclosure. It tells you the size of one contract the company has received and the timeline in which it must deliver. The money is not received up front: the terms link payment to completed delivery, installation and the buyer's satisfactory approval, so the timing of execution matters as much as the order value.
The penalty clause runs both ways for the reader to weigh: a delay beyond the 60-day window can cut the realisable amount by up to 10% of the delivery price, besides giving the institute a right to cancel.
Watch for
- Progress on execution within the stated 60 days.
- Whether the order is billed and paid in line with the installation-linked payment term.
- The effect of an order of this size relative to the company's overall revenue, which a reader can judge from its reported financials.
Also from Takyon Networks
Receives work order worth Rs. 19.4 crore from Hindustan Power Exchange for hardware, software and licences
24 Oct 2026
Takyon Networks wins Rs. 2,56,10,953.77 work order from Banaras Locomotive Works, Indian Railways
7 Oct 2026
More numbers
- Work order valueRs. 1,33,06,748.84
- Order size stated in annexureINR 1.33 Crores
- Execution period60 days
- Goods & Services Tax rate18%
- Warranty period36 months
- Delay penalty per week0.5%
- Maximum delay penalty10%
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