Order Details
- Customer: Domestic steel and alloy manufacturing company
- Order Value: ₹159.30 lakhs (including GST)
- Product: Bar handling System for Auto-UT Machine
- Execution Timeline: 7 months from the purchase order date
- Geographic Scope: Domestic order
Payment Terms
The significant terms and conditions of the order include:
- 10% of supply basic order value as advance payment
- 80% payment including GST against Proforma Invoice and factory acceptance testing
- 10% balance payment after successful commissioning of equipment
Order Book Update
The company disclosed that its current order book stands at ₹68.37 Crores (including GST) following this new order.
Related Party Confirmation
The company confirmed that:
- Promoter/promoter group/group companies have no interest in the entity that awarded the order
- The order does not fall within related party transactions