ArisInfra Solutions Secures Purchase Order for Aggregates for Chennai Peripheral Ring Road Project
ArisInfra Solutions Ltd has secured a significant business contract, winning a Purchase Order for the supply of aggregates required for the Chennai Peripheral Ring Road Project. The value of the order is reported at ₹ 18.45 crores.The Purchase Order was awarded by the TPL-IAV VOZ CPRR Joint Venture, designating the deal as a domestic contract. This contract mandates the supply of aggregates for the development of the Chennai Peripheral Ring Road Project.
The duration specified for executing this order is approximately 22 months.
The key details of the contract award are summarized below:
| Particulars | Details |
|---|---|
| Name of the Awarding Entity | TPL-IAV VOZ CPRR Joint Venture |
| Nature of Order | Purchase order |
| Project | Supply of Aggregates for Chennai Peripheral Ring Road Project |
| Order Value | ₹ 18.45 crores |
| Award Status | Domestic Entity |
| Timeline | Approximately 22 months |
The transaction was confirmed to be a domestic purchase order, and ArisInfra Solutions Ltd noted that there are no reported instances of related party transactions or promoter interest in the entity that awarded the order.
ARIS Stock Price Movement
On Friday, Arisinfra Solutions Limited shares gained 5.97%, adding ₹7.27 for the day to close at ₹128.46. The equity was actively traded, recording a total volume of 1.24 million shares during the session.Source:
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