Key Quantitative Figures
- Purchase order value: ₹165.20 lakhs (including GST)
- Total order book after this order: ₹76.25 crores (including GST)
Parties Involved
- Customer: Domestic customer in the steel industry (name not disclosed)
Nature of Order
Supply of Main System & Automatic Calibration Station
Significant Terms and Conditions
Payment terms against 100% LC irrevocable:
- 15% advance against submission of ABG (Advance Bank Guarantee)
- 15% against approval of layout
- 50% with 100% taxes against inspection of equipment with PI
- 10% against receipt of material at site
- 10% against installation and commissioning at site with submission of PBG (Performance Bank Guarantee)
Additional Details
- Geographic scope: Domestic
- Promoter/promoter group/group companies have no interest in the entity that awarded the order
- Does not qualify as a related party transaction
- Transaction is at arm's length