Patels Airtemp (India) Limited has received a fixed price contract/order amounting to USD 23,663,860 (approximately ₹226 crores) in the normal course of business. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
Contract Details
- Awarding Entity: Dangote Petroleum Refinery and Petrochemicals, Nigeria
- International Entity: Yes
- Product Name: Air Cooled Heat Exchanger
- Contract Type: Fixed Price Contract/Order in Normal Course of Business
- Time Period: 12 months for execution
- Commercial Value: USD 23,663,860 equivalent to ₹2,261,318,461 (Rupees Two Hundred Twenty Six Crores Thirteen Lakhs Eighteen Thousand Four Hundred Sixty One) converted at exchange rate of ₹95.56 per US Dollar
Ownership and Related Party Details
- Shareholding in Awarding Entity: Nil
- Promoter/Promoter Group Interest: No interest in the entity that awarded the contract
- Related Party Transaction: Does not fall within related party transactions
Manufacturing Facilities
- Rakanpur Works: 805, 806, 807, 810, Rakanpur 382 722, Via: Sola - Bhadaj Village, Ta.: Kalol, Dist.: Gandhinagar, Gujarat, India
- Dudhai Works: Survey No.: 100, Gam: Dudhai 382 715, Ta.: Kadi, Dist.: Mehsana, Gujarat, India