Alphalogic Industries Wins Contract from Blinkit for Storage Racking System
Alphalogic Industries Ltd has secured a significant order from BlinkCommerce Private Limited (commonly known as 'Blinkit'). The contract involves the design, manufacture, supply, and installation of a specialized Storage Racking System for various units operated by Blink Commerce Private Limited.The agreement encompasses multiple locations for the setup of the racking system. These facilities are based in Ghaziabad in Uttar Pradesh, Haveli in Maharashtra, and Indore in Madhya Pradesh.
The order details highlight that it was awarded by a domestic entity and involves no interest from the promoter or its group companies. The contract is structured as an arms-length transaction.
A summary of the key terms and financial aspects of the contract are provided below:
| Particulars | Details |
|---|---|
| Entity Awarding Order(s) | BlinkCommerce Private Limited (Blinkit) |
| Scope of Work | Design, manufacture, supply, and installation of Storage Racking System |
| Nature of Contract | Domestic entity contract |
| Execution Timeline | Within this month |
| Contract Value | Rs. 1,03,45,001/- (Rupees One Crore Three Lakh Forty Five Thousand and One Only) inclusive of GST |
The order secures a domestic business opportunity for Alphalogic Industries Ltd within the industrial logistics sector.
Stock Price Movement
Alphalogic Industries Ltd settled at ₹138.50 on Thursday's close, recording a 5.46% dip after declining by ₹8.00. The shares traded through a wide session, with the stock moving between an intraday low of ₹132.00 and a high of ₹138.50.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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