Shares of BLS International ltd. surged as much as 13% on Thursday, October 16, after the company announced that it has bagged a three-year contract from the Ministry of External Affairs.

The company, in its exchange filing said that it has been awarded the contract to establish and operate Indian Visa Application Centers (IVACs) in China for a three-year period.

BLS International will be responsible for establishing and managing IVACs in Beijing, Shanghai and Guangzhou, offering streamlined, secure and customer-friendly visa services.

"We believe this is a significant milestone for BLS international and these IVACs will play a vital role in facilitating reliable and user-centric visa services," the company said in its exchange filing.

Financial terms of the said contract have not been

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