Faalcon Concepts Limited, a prominent name in the construction and infrastructure sector, has secured a noteworthy contract for the supply and installation of glass, glazing, and windows. This contract, valued at Rs. 2.19 crore, was awarded by Optimist Softech Private Limited for a site located at Plot B-20, Sector-132, Noida, Uttar Pradesh. The agreement spans 12 months, with the project expected to be completed within this time frame.

Key Details of the Contract

The order pertains to a comprehensive package of work, including the installation of high-quality glass and glazing materials for the building. Faalcon Concepts has been tasked with delivering high-end solutions for windows and glazing, aligning with the latest industry standards. Given the size and scope of the project, this contract is an important addition to Faalcon Concepts' portfolio, marking a significant milestone in their growth and business expansion.

Domestic Nature of the Contract

This contract is a domestic order, highlighting the growing demand for quality construction services in India. The award underscores Faalcon Concepts' standing as a reliable player in the Indian construction market. The project is being handled by a local entity, Optimist Softech Private Limited, based in India, and the contract does not involve any international or foreign parties. This is an important aspect, as it showcases the robust domestic market for construction services and reflects the increasing confidence of local companies in partnering with Faalcon Concepts.

Terms and Conditions

The contract details have outlined that the billing related to performance will play a key role in the execution of this order. Performance-based billing ensures that the contractor meets certain benchmarks and standards, providing an added level of accountability. As part of the agreement, Faalcon Concepts is expected to uphold high standards of craftsmanship, especially in the specialized field of glass and glazing installation, which requires both technical precision and aesthetic considerations.

Project Timeline and Expectations

With a 12-month timeframe, Faalcon Concepts is expected to complete the entire installation process within a year. The long duration allows for meticulous planning and execution, ensuring that each phase of the project adheres to the agreed-upon specifications and timelines. Faalcon's experienced project management team will oversee the coordination of materials, labor, and logistics to ensure smooth progress.

Consideration of Rs. 2.19 Crore

The size of the contract, valued at Rs. 2.19 crore, reflects the scope of work required and the quality of materials involved. The company will need to allocate resources efficiently and ensure that both financial and operational aspects are closely monitored throughout the project's duration. This contract is a key opportunity for Faalcon Concepts to further solidify its reputation in the industry and demonstrate its capabilities in large-scale glazing and windows projects.

No Related Party Transactions

Faalcon Concepts has confirmed that there are no related party transactions involved in the awarding of this contract. This ensures that the deal was conducted transparently and in compliance with industry regulations. The company has no interests in the entity that awarded the contract, further emphasizing the fairness and integrity of the transaction. It is important to note that the absence of related party transactions assures investors and stakeholders of the company's commitment to ethical business practices.

Conclusion and Future Prospects

This contract represents a significant achievement for Faalcon Concepts Limited, reinforcing its position as a trusted partner in the Indian construction sector. As the company moves forward with the Rs. 2.19 crore glass and glazing project, the positive momentum created by this order may lead to more opportunities in the future. With the growing demand for high-quality construction services in India, Faalcon Concepts is well-positioned to take on similar projects and expand its footprint across the country.

Overall, this contract reflects the increasing interest in glass, glazing, and windows installation as part of the construction industry’s modernization efforts. As construction companies continue to prioritize quality, durability, and aesthetic appeal, Faalcon Concepts' expertise in these specialized areas will likely lead to further success and business growth.

The Upcoming IPOs in this week and coming weeks are  Wagons Learning, Srigee DLM, Manoj Jewellers.

The Current active IPO are Kenrik Industries,Arunaya Organics, Ather Energy, Iware Supplychain Services.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.