Core Announcement – Order Details
Awarding Entity: Leading global power management company (name not disclosed)
Domestic/International Order: Domestic
Nature of Order/Contract:
Engineering services contract to launch a Dedicated Offshore Development Centre (ODC) for supporting the client's Data Center Segment/Business Unit. The dedicated R&D capacity would enable faster execution.
Order Value:
Aggregate contract value of approximately ₹33 Crore (Rupees Thirty-Three Crore only) over the contract tenure.
Materiality Context:
Not Specified
Execution Timeline:
3 years
Revenue Recognition / Billing Structure:
Not Specified
Key Terms & Payment Milestones:
Not Specified
Whether Related Party Transaction:
No. The disclosure explicitly states "Not Applicable" for related party transactions.
Promoter Group Involvement:
No. The disclosure confirms that the promoter/promoter group/group companies have no interest in the entity that awarded the order.
Financial Implication:
Not Specified