Artson Ltd. Reports Enhancement in Order Value from Sadhav Offshore Engineering
Artson Ltd. has announced an enhancement to a contract awarded by M/s Sadhav Offshore Engineering Pvt. Ltd. The company stated that it received an amendment to a Letter of Intent/Award, significantly revising the total value of the order.The initial disclosure, made on January 30, 2025, concerned a Letter of Intent/Award from M/s Sadhav Offshore Engineering Pvt. Ltd. The original value of this award was Rs. 61.54 Cr., including taxes.
Artson Ltd. confirmed today, April 15, 2026, that the awarded order has been amended, resulting in a revised total order value of Rs. 72.05 Cr. This represents an enhancement of Rs. 10.50 Cr., also including taxes.
The contract pertains to the Construction and Supply of Floating Dry Dock and was awarded by a domestic entity under a Unit Rate Contract basis. The initial order date was recorded as January 30, 2025, while the amendment date is April 15, 2026. The execution period for the contract is set at six months.
The key details of the order and its amendment are summarized below:
| Particulars | Details |
|---|---|
| Awarding Entity | M/s Sadhav Offshore Engineering Pvt. Ltd. |
| Nature of Contract | Construction and Supply of Floating Dry Dock |
| Original LOI Date | 30.01.2025 |
| Amendment Date | 15.04.2026 |
| Revised Order Value | Rs. 72.05 Cr. (Including Taxes) |
| Enhancement Amount | Rs. 10.50 Cr. (Including Taxes) |
| Execution Period | 6 Months |
Stock Price Movement
Artson Ltd shares closed on Wednesday, settling at ₹156.35, registering a strong gain of 6.00%. Throughout the trading session, the stock moved through a wide intraday range, finding support between ₹147.10 and peaking at ₹161.65.Source:
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