Admach Systems Ltd Receives Domestic Purchase Order for Non-Destructive Testing Equipment
Admach Systems Limited has secured a domestic purchase order valued at ₹ 94.35 lakhs (with GST) for the supply of Non-Destructive Testing Equipment from a customer in the non-destructive testing (NDT) industry.The contract, awarded by a domestic entity, specifies that the equipment is to be delivered within 16 weeks from the purchase order date. The payment terms include a 30% advance upon placement of the purchase order, with the remaining balance due against dispatch.
Admach Systems Ltd has announced its current order book size at INR 82.09 Crores (with GST).
Details pertaining to the newly secured order are as follows:
| Particulars | Details |
|---|---|
| Order Value | ₹ 94.35 lakhs (with GST) |
| Customer Type | Domestic Entity in NDT Industry |
| Equipment Supplied | Non-Destructive Testing Equipment |
| Execution Period | 16 weeks from PO date |
| Advance Payment Terms | 30% upon PO, balance against dispatch |
The order is not related to any promoter or group company interest, and the transaction does not fall under related party transactions.
Stock Price Movement
As of 14:48, Admach Systems Ltd is ticking down at ₹266.00, having shed 3.62%. The shares have fluctuated throughout the day, trading within an intraday range that ranged from a low of ₹264.00 to a high of ₹271.10.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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