Core Announcement – Order Details
Contract 1: Bharat Heavy Electricals Limited (BHEL)
Awarding Entity: Bharat Heavy Electricals Limited (BHEL)
Domestic/International Order: Domestic
Nature of Order/Contract: Deployment of various cranes of capacities 80MT to 800MT at various locations of BHEL plants across India. Awarded via Letters of Award from BHEL.
Order Value: INR 28.70 crores including taxes.
Materiality Context: Not Specified
Execution Timeline: Q3 FY2027 up to Q4 FY2029 (multi-year contract)
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No
Promoter Group Involvement: No. Neither Promoter of the Company nor Promoter group is interested in the Entity that awarded the Order.
Financial Implication: Not Specified
Contract 2: Adani Power Limited
Awarding Entity: Adani Power Limited
Domestic/International Order: Domestic
Nature of Order/Contract: Deployment of various cranes of capacities 80MT to 800MT at various locations of Adani Power plants across India. Awarded via Letters of Award from Adani Power Limited.
Order Value: INR 17.03 crores including taxes.
Materiality Context: Not Specified
Execution Timeline: Q3 FY2027 up to Q4 FY2028 (multi-year contract)
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No
Promoter Group Involvement: No. Neither Promoter of the Company nor Promoter group is interested in the Entity that awarded the Order.
Financial Implication: Not Specified