Core Announcement – Order Details
Awarding Entity: Leading international entity operating in the long duration Energy Storage Sector (specific identity withheld for commercial confidentiality)
Domestic/International Order: International order from North American entity
Nature of Order/Contract: Design, engineering, manufacturing, testing and supply of specialized Shell and Tube Heat Exchangers and associated Process Equipment for a large-scale energy storage project in North America.
Order Value: USD 42 to 48 Million (approximately)
Materiality Context: Not Specified
Execution Timeline: Expected to be executed progressively through November 2028, subject to contractual commencement provisions.
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No
Promoter Group Involvement: No (confirmed no interest by promoter/promoter group/group companies in the entity awarding the order)
Financial Implication: Not Specified