Artson Ltd Secures Order from TKIL Industries Private Limited for Rs. 14.63 Crore
Artson Ltd has received a Letter of Intent (LOI) for an award valued at Rs. 14,63,00,000 excluding taxes. The contract has been awarded by TKIL Industries Private Limited, based in Pune.The scope of the project involves the design, supply, fabrication, painting, and transportation of structures, specifically involving TT, Conveyor Gallery, and Trestles for JSW - Jaigarh Port Limited in Jaigarh. The order is structured on a unit rate basis per MT.
The company is expected to execute the contract over a period of 6 months. This domestic order does not involve any related party transactions, nor do the promoters or group companies have any interest in the awarding entity.
Detailed specifications of the award are outlined in the table below:
| Particulars | Details |
|---|---|
| Awarding Entity | TKIL Industries Private Limited, Pune |
| Scope of Work | Design, Supply, Fabrication, Painting and Transportation of Structures (TT, Conveyor Gallery & Trestles) for JSW - Jaigarh Port Limited, Jaigarh |
| Order Nature | Unit rate basis (per MT) |
| Execution Timeline | 6 Months |
| Consideration Value | INR 14,63,00,000 excluding taxes |
| Market Scope | Domestic |
Stock Price Movement
Artson Ltd shares settled at ₹157.50 on Friday, retreating by 0.85%. The stock saw significant movement today as it swung between a low of ₹151.00 and a high of ₹160.00.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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