Admach Systems Ltd Receives Purchase Order Valuation ₹501.50 Lakhs from Steel Industry Customer
Admach Systems Ltd has received a purchase order from a domestic customer in the steel industry, for which the value is INR 501.50 Lakhs, including GST. The order concerns the supply of Two roll straightening machine to the domestic client.The company currently reports an order book size totaling INR 81.71 Crores, including GST.
Details regarding the significant terms and conditions of the awarded order are as follows:
| Particulars | Details |
|---|---|
| Name of the entity awarding the order(s)/contract(s) | Two roll straightening machine for Domestic Customer of Steel Industry |
| Nature of order(s)/contract(s) | Two roll straightening machine |
| Whether order(s)/contract(s) have been awarded by domestic / international entity | Domestic Entity |
| Broad consideration or size of the order(s)/contract(s) | INR 501.50 Lakhs (including GST) |
Order Terms and Execution Timeline
The payment structure for the order is defined in three stages:- Advance Payment: 10% of the supply basic order value.
- Second Payment: 80% payment with full GST against Proforma Invoice and Factory Acceptance Testing.
- Final Payment: 10% paid after successful commissioning of equipment.
The delivery for these machines is stipulated to be completed within nine months from the date of the purchase order or Advance payment, whichever occurs later. The order involves a domestic entity and does not constitute a related party transaction.
The details provided confirm that Admach Systems Ltd has secured this order in the manufacturing sector.
Stock Price Movement
Admach Systems Ltd. settled at ₹288.65 on Tuesday, edging higher after gaining 0.21%. The shares traded within a notable intraday range, dipping to ₹281.00 but recovering strongly towards an intraday high of ₹291.00.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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