Admach Systems Ltd Lands Order Worth ₹165.20 Lakhs from Steel Industry Client
Admach Systems Limited has secured a new purchase order valued at ₹ 165.20 lakhs, involving the supply of specialized equipment to a domestic client in the steel industry. The acquisition contributes positively to the company's business pipeline.The contract covers the provision of a Main System and Automatic Calibration Station to the client. The terms for this order include a detailed payment structure: 15% advance upon submission of ABG, 15% against layout approval, 50% upon equipment inspection with Pl, 10% against material receipt at site, and the final 10% following installation and commissioning at the client's location, which requires the submission of a PBG. The company has approximately 8 to 10 months from the confirmed order date to manufacture and deliver the required materials.
The secured order is part of a robust business trajectory for Admach Systems Limited. The current order book stands at INR 76.25 Crores (with GST).
Key details regarding the newly received domestic contract are summarized below:
| Particulars | Details |
|---|---|
| Client Industry | Steel industry (Domestic) |
| Equipment Supplied | Main System & Automatic Calibration Station |
| Order Value | ₹ 165.20 lakhs (with GST) |
| Execution Period | 8 to 10 months from order confirmation |
| Current Order Book | INR 76.25 Crores (with GST) |
Stock Price Movement
Admach Systems Ltd settled on Friday, gaining 3.08% and closing at ₹309.60. Shares traded within a notable range during the session, swinging between a low of ₹301.00 and an intraday high of ₹309.60.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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