Artson Ltd Receives Purchase Order Worth INR 5.4 Crore from Deepak Chem Tech Limited
Artson Ltd has secured a significant business order, receiving a purchase contract worth Rs 5,39,87,000 from Deepak Chem Tech Limited, which is part of the Deepak Group. The order pertains to the manufacturing and supply of specialized equipment for a major project at DCTL Dahej.The domestic order involves supplying materials under an item rate agreement. Deepak Chem Tech Limited has awarded the contract to Artson Ltd for the production and delivery of 15 vessels, tanks, and drums designated for the D3 Project at DCTL Dahej. The total value of this commitment stands at INR 5,39,87,000, excluding taxes.
The contractual timeline for execution is divided into two phases. Phase 1 is scheduled for completion in June 2027, while Phase 2 is slated for March 2028.
Key details of the purchase order are summarized below:
| Parameter | Details |
|---|---|
| Entity Awarding Order | Deepak Chem Tech Limited (A Deepak Group Company) |
| Nature of Order | Item rate order |
| Order Value | INR 5,39,87,000 (excluding taxes) |
| Scope of Work | Manufacturing and Supply of 15 Vessels, Tanks, Drums for D3 Project at DCTL Dahej |
| Timeline | Phase 1 in June 2027; Phase 2 in March 2028 |
The transaction was confirmed to be conducted at arm's length. Furthermore, the order does not involve any interest from Artson’s promoter or promoter group companies in Deepak Chem Tech Limited.
Stock Price Movement
As of 14:11, Artson Ltd. is ticking up at ₹167.95, showing a solid gain of 7.11%. The shares have moved throughout the trading session within an intraday range spanning from ₹157.25 to ₹170.00.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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