Arisinfra Solutions Secures Purchase Order for Aggregates Worth Rs. 5.45 Crore from CEIGALL INDIA LIMITED
Arisinfra Solutions Limited announced that its subsidiary, Buildmex-Infra Private Limited, has secured a purchase order from CEIGALL INDIA LIMITED. The contract is for the supply of aggregates, valued initially at Rs. 5.45 crore.The agreement, which falls under a domestic transaction, signifies a material business development for the company. The purchase order confirms the supply of aggregates from the parent company's subsidiary to CEIGALL INDIA LIMITED.
In terms of contract specifics, the transaction was characterized by the following details:
| Particulars | Detail |
|---|---|
| Awarding Entity | CEIGALL INDIA LIMITED |
| Nature of Order | Purchase order |
| Amount/Consideration | Rs. 5.45 crores |
| Transaction Scope | Supply of Aggregates |
| Domestic/International | Domestic Entity |
| Related Party Interest | No |
The construction period for the ongoing project associated with the order is set at 730 days. While the initial purchase order is for Rs. 5.45 crores, the terms stipulate that the company will issue fresh purchase orders as and when additional construction materials are required for the ongoing project, suggesting potential for increased order value over time.
The order is described as being executed based on site requirements at an indefinite interval. Furthermore, the transaction was confirmed to be not related to any promoter or promoter group company, and it was confirmed that the purchase order did not fall under related party transactions.
ARIS Stock Price Movement
On Friday, Arisinfra Solutions Limited shares edged higher, gaining 5.97% to settle at ₹128.46. The stock saw robust activity throughout the session, with total traded volume reaching 1.24 million shares.Source:
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