InfoBeans Technologies Ltd, a notable name in the Indian IT services landscape, has recently made a significant strategic move by securing a contract for the construction and operation of a Green IT Park building in Indore, Madhya Pradesh. This development is part of a Public Private Partnership (PPP) project under the Design, Build, Finance, Operate, and Transfer (DBFOT) model.

In a formal communication dated 03rd May 2025 to the BSE and NSE, InfoBeans disclosed that it has been awarded the project by the M.P. State Electronics Development Corporation Ltd (MPSEDC). The land allotted for this project spans 3 acres and is located in Pardesipura IT Park, Indore, a hub earmarked for tech-enabled development by the Madhya Pradesh government.

Under this DBFOT model, InfoBeans will hold a 51% stake in the project as it plans to utilize half of the proposed 4 lakh square feet green building. The remaining stake will be held by other consortium partners, which include developers and investors participating in this public-private venture. The estimated capital infusion for the project is ₹30 Crores, which will be funded partially by InfoBeans with the remaining balance sourced through structured debt instruments.

Project Highlights and Financial Impact:

• Nature of Contract: The contract involves the design, construction, financing, operation, and transfer of the Green IT Park.

• Execution Timeline: The lease period is 50 years, which includes a 36-month construction phase.

• Funding: Of the total project cost, ₹30 Crores will be infused as capital, and the rest will be arranged via debt.

• Occupancy: InfoBeans is expected to occupy nearly 50% of the total built-up area, indicating significant operational and strategic involvement.

This project aligns with InfoBeans' long-term sustainability goals and the increasing push towards green infrastructure within India’s technology industry. The IT Park will not only house InfoBeans' expanded operations but will also serve as a center for future technological initiatives and partnerships with other IT and software companies.

No Related Party Transactions:

As per the company's disclosure, the project does not fall under related party transactions, and none of the promoter or promoter group companies hold any interest in the awarding entity. This enhances transparency and reinforces InfoBeans' adherence to regulatory best practices.

The announcement was made in compliance with Regulation 30 read with Para A of Part A of Schedule III of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The detailed disclosure also mentioned that a formal "Annexure A" has been attached to the filing, offering specifics on the award, timeline, funding structure, and other critical elements of the agreement.

Strategic Relevance for InfoBeans:

This contract is more than just a construction opportunity—it’s a long-term infrastructure investment that allows InfoBeans to not only expand its physical operations but also build long-term asset value through a significant land lease and revenue-generation model. Additionally, InfoBeans' 51% holding provides substantial control and strategic leverage over the operations and future direction of the IT Park.

This move comes at a time when there is a strong push across India to integrate green and sustainable infrastructure in the IT and commercial real estate sector. The construction of a green-certified building also aligns with global ESG (Environmental, Social, and Governance) trends, which are becoming increasingly important for both investors and clients.

Outlook and Investor Perception:

While the exact financial impact on InfoBeans' top and bottom lines will emerge over time, this project marks a notable milestone in the company’s evolution. It positions InfoBeans not just as a technology services provider, but also as an infrastructure developer with skin in the game.

Investors and market participants are likely to view this development positively, especially in light of InfoBeans’ growing presence and credibility within the IT services industry. However, it remains critical that the company delivers on the execution timeline and maintains financial prudence during the project’s gestation period.

Conclusion:

The award of this contract adds a new vertical to InfoBeans' business model—blending core IT service capabilities with real estate and infrastructure investment. The PPP-based DBFOT model offers a relatively low-risk, high-control structure, where InfoBeans can benefit both from real estate appreciation and operational revenues.

With strong project fundamentals, strategic stakeholding, and a focus on sustainable development, InfoBeans is poised to benefit from this green initiative in Indore. The market will closely watch the company’s performance across execution milestones and financial efficiency in the coming quarters.

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