Core Announcement – Order Details
Awarding Entity: Indian Company (name not disclosed)
Domestic/International Order: Domestic order from an Indian customer for execution at a site in India.
Nature of Order/Contract:
The company received two separate but related orders:
- Order 1: For supply of Flare Package including design, engineering, manufacture, procurement, and supply on delivery at site basis in India
- Order 2: For services of flare package including installation, erection, pre-commissioning, commissioning, performance test and handover
Order Value:
The orders are classified as "Significant" under the company's project classification system, which corresponds to a value range of ₹0-100 Crore. The exact value was not disclosed.
Materiality Context:
The orders are explicitly described as "Significant" based on the company's internal classification framework. The nature of the customer relationship (repeat vs. new) was not specified.
Execution Timeline:
Project Delivery Schedule: 16 Months Mechanical Completion from order effective date for the combined scope of both Order 1 and Order 2.
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No
Promoter Group Involvement: No promoter/promoter group/group companies have any interest in the entity that awarded the orders.
Financial Implication: Not Specified