SIS bags multi year contract worth Rs 300 crore

Security and Intelligence Services India (SIS) has been awarded a three-year contract valued at around Rs. 300 crore to provide security solutions to 47 facilities of Cognizant Technologies located across India.

As part of the contract, SIS will deploy around 5,000 security personnel in different categories to provide security services across 47 sites of Cognizant at Chennai, Bangalore, Kochi, Coimbatore, Pune, Mumbai, Kolkata. It is expected that the full deployment for this contract will be completed in October 2018.

SIS is a leading provider of private security and facility management services in India. Company's total operating revenue was Rs. 2,135.05 crore and equity capital was Rs. 73.18 crore for the year ended March 2018.

On Thursday, the stock has opened at Rs. 923.85 per share and touched a high/low of Rs.943.05/Rs.911.75 and at 2:24 pm, the stock was quoting at Rs. 911.80 per share.