Alphalogic Industries Wins Order from Blink Commerce Private Limited for Storage Racking System
Alphalogic Industries Ltd has secured an order to design, manufacture, supply, and install a Storage Racking System from Blink Commerce Private Limited, popularly known as 'Blinkit'. The contract spans multiple locations across India.The scope of work includes units based in Bhelk Haveli and Mumbai in Maharashtra, Saraikela Kharsawan in Jharkhand, Bhopal in Madhya Pradesh, Kazhakkoottam and Kochi in Kerala, Rajahmundry District in Andhra Pradesh, and Raipur in Chhattisgarh.
The order details, presented in a summary format, reveal key transactional aspects.
| Particulars | Details |
|---|---|
| Entity Awarding the Order | Blink Commerce Private Limited (popularly known as 'Blinkit') |
| Nature of Order | Design, manufacture, supply and installation of Storage Racking System |
| Order Awarding Entity Type | Domestic Entity |
| Time Period for Execution | Within this Quarter |
| Consideration Value | Rs. 2,61,82,508 /- (Rupees Two Crore Sixty-One Lakh Eighty-Two Thousand Five Hundred Eight Only) Inclusive of GST |
The agreement is designated as a domestic order, and the promoter group does not have any stated interest in Blink Commerce Private Limited. Furthermore, the contract does not fall within related party transactions.
The total consideration for the order is Rs. 2,61,82,508 /- (Rupees Two Crore Sixty-One Lakh Eighty-Two Thousand Five Hundred Eight Only) Inclusive of GST. The execution of this contract is scheduled to occur within the current Quarter.
Stock Price Movement
As of 12:03 PM, Alphalogic Industries Ltd is ticking up, currently positioned at ₹185.60, marking a 1.98% gain for the shares. However, the stock is presently trading completely flat, locked right at the ₹185.60 mark for both its intraday high and low.Source:
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