Abha Power and Steel Limited Secures New Order of 4.92 Crores from Railway OEM
Abha Power and Steel Limited announced that it has secured a new order valued at 4.92 Crores from a reputed Railway Original Equipment Manufacturer (OEM). The contract involves the supply of castings and is subject to standard terms including inspection and quality approval.The company reported that its current order book stands at approximately 20 Cr, reflecting its strong position and consistent efforts within the railway sector.
Order Details
The newly awarded contract falls under the category of the supply of goods and is with a domestic entity. The detailed terms and conditions of the contract are summarized below:| Particulars | Details |
|---|---|
| Name of Awarding Entity | Reputed Railway OEM |
| Nature of Order | Supply of Goods (Castings) |
| Order Value (Commercial Consideration) | 4,91,80,830.60/- (Rupees Four Crore Ninety-One Lakh Eighty Thousand Eight Hundred Thirty and Sixty Paise Only) |
| Key Terms | Supply of Castings as per delivery schedule, standard terms of payment, subject to inspection and quality approval. |
Company Overview
Abha Power and Steel Limited caters to diverse industries, including Indian Railways, steel, cement, heavy engineering, mining, and power. The company focuses on quality, safety, and value competitiveness, helping it maintain long-term customer relationships both domestically and in over six countries, including UAE, Qatar, Germany, Canada, Italy, Netherlands, and Nepal.Since its inception in 2004 with a steel ingot and billet manufacturing plant in Hardikala, Bilaspur, Chhattisgarh, the company has expanded significantly. In 2009, it added a spheroidal graphite iron foundry to serve the Indian Railways. The company transformed its ingot plant into a steel foundry in 2016. Currently, Abha Power and Steel operates two foundries—SG iron and steel—within its 319,200 square-foot ISO 9001:2015 certified manufacturing facility at Silpahri Industrial Area, Bilaspur. The facility also includes a captive solar power plant with a capacity of 3 MW, contributing to an annual saving of 3400 MT of Co2 emissions.
ABHAPOWER Stock Price Movement
On Tuesday, Abha Power and Steel Limited shares edged higher, settling at ₹33.55 and marking an 8.05% gain. The stock finished the session with a volume of 4,800 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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