Core Announcement – Order Details
Awarding Entity: Hindustan Petroleum Corporation Limited (HPCL)
Domestic/International Order: Awarded by Domestic entity (HPCL) for International operations
Nature of Order/Contract: Two air import contracts for transportation of approximately 310 MT of specialized project cargo. The scope includes end-to-end ex-works logistics covering air freight, customs clearance, and inland transportation operations from origin to destination.
Order Value: Approximately ₹8.8 Crores
Materiality Context: Described as "major air import contracts" that strengthen the company's air cargo handling capabilities for PSUs. Represents renewed trust from HPCL and builds on previous experience with BHEL.
Execution Timeline: One Year
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No
Promoter Group Involvement: No
Financial Implication: Not Specified
Operational Details:
- Total cargo: 310 MT
- Transportation mode: Three chartered flights
- Origin points: France (80 MT) and Saudi Arabia (210 MT)
- Destination: Visakhapatnam, India
- Cargo type: Specialized project cargo