Secures order worth Rs.67.56 Cr. for Pre-Engineered Steel Building System for Aircraft Hangar project
Company has secured an order from a customer whose name it is not disclosing.
By ScoutQuest · · 2 min read
- Order Size
- Rs.67.56 Cr.
- Completion Period
- approx. 8 months
- Advance
- 10% advance
The company has informed the exchanges that it has secured an order from a customer. The name of the customer is not being disclosed, citing confidentiality obligations and commercial considerations.
Order at a glance
- Size of the order: Rs.67.56 Cr.
- Nature: Design, Engineering, Manufacturing, Supply & erection of a Pre-Engineered Steel Building System for an Aircraft Hangar project at New Delhi.
- Scope covers complete design, engineering, manufacturing, supply and erection.
- Completion period: approx. 8 months.
- Terms include a 10% advance.
- The order has been awarded by a domestic entity.
What the scope says
- The company is responsible for the full chain from design to erection, not only for supplying material, so delivery at site sits with the company along with manufacturing.
- The stated completion window of about 8 months gives a clear time frame against which progress can be tracked.
- A 10% advance means a part of the contract value comes in at the start, with the balance tied to the remaining terms of the contract.
Related-party position
- The promoter, promoter group and group companies have no interest in the entity that has placed the order.
- The order does not fall within related party transactions.
Points a reader may want to keep in mind
- Because the customer is not named, the identity of the counterparty is not available from this disclosure.
- The order value is stated as Rs.67.56 Cr.; how it flows into the company's numbers will depend on the execution schedule over the approx. 8 month completion period.
- The project is an Aircraft Hangar, a specialised Pre-Engineered Steel Building application, at New Delhi.
In short
A domestic order of Rs.67.56 Cr. covering design through erection of a Pre-Engineered Steel Building System for an Aircraft Hangar project at New Delhi, to be completed in approx. 8 months, with a 10% advance and no promoter interest in the customer entity.
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More numbers
- Size of the orderRs.67.56 Cr.
- Completion periodApprox. 8 months
- Advance received/agreed10% advance
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