Satani Bearings Limited has disclosed receipt of two service orders from National Engineering Industries Ltd (NEIL) totaling ₹376.56 crore (₹3,76,56,50,000) including GST. The disclosure is made pursuant to Regulation 30 of SEBI Listing Regulations and related circulars.
Order Details:
- Order 1: ₹125.49 crore (₹1,25,49,00,000) for Jaipur location, Order No. 7002880 dated August 25, 2026
- Order 2: ₹251.08 crore (₹2,51,07,50,000) for Vadodara location, Order No. 7002881 dated August 25, 2026
Additional Information:
- The orders are domestic contracts awarded to a domestic entity
- Time period for execution is not specified in the disclosure
- No promoter/promoter group companies have any interest in National Engineering Industries Ltd
- The contracts do not fall under related party transactions and are confirmed to be at "arm's length"