Admach Systems Ltd secures domestic order for non-destructive testing equipment
Admach Systems Limited has received a purchase order from a prominent entity in the domestic non-destructive testing (NDT) industry. The order pertains to the supply of two non-destructive testing machines and is valued at INR 295.73 lakhs, including GST.The transaction involves a renowned domestic entity in the NDT sector, with final delivery points specified as Mexico and China. The agreed payment terms stipulate a 30% advance upon receipt of the purchase order, with the remaining balance due against dispatch. The contract execution timeline is set for 16 weeks from the date of the purchase order.
The details of this significant domestic order are summarized below:
| Particulars | Details |
|---|---|
| Nature of Order | Non-Destructive Testing Equipment |
| Customer Type | Domestic Entity in NDT Industry |
| Order Value | INR 295.73 lakhs (with GST) |
| Execution Timeline | 16 weeks from the PO date |
| Payment Terms | 30% advance with PO, balance against dispatch |
The company confirmed that there is no interest of the promoter or promoter group in the awarding entity, and the contract does not constitute a related party transaction.
In addition to this recent acquisition, Admach Systems Ltd currently maintains an order book totaling INR 83.77 Crores (with GST).
Stock Price Movement
Admach Systems Ltd is edging higher as of 11:32, currently trading at ₹357.65 and reflecting a gain of 4.99%. The shares have seen tight movement intraday, fluctuating within the range of ₹357.00 to ₹357.65.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.