Batliboi Ltd Secures Rs 52 Crore Contract to Supply Pollution Equipment for SAEL Industries
Batliboi Ltd has secured a significant contract valued at Rs 52 crores with SAEL Industries Limited. The deal involves providing specialized equipment and services for the construction of SAEL Industries' forthcoming Solar Cell Manufacturing facility located in Jewar, Uttar Pradesh.The contract specifically mandates that Batliboi Ltd's EEG Division will Design, Engineer, Supply, Install, and Commission a PEX System. This system is designed to support SAEL Industries Limited’s 6GW Solar Cell Line at the site.
The engagement falls under the category of domestic business and focuses on the design, supply, installation, and commissioning of pollution equipment for the new manufacturing facility.
Key details of the contract are as follows:
| Aspect | Details |
|---|---|
| Client Entity | SAEL Industries Limited |
| Contract Value | Rs 52 crores |
| Scope of Work | Design, Supply, Installation and Commissioning of pollution equipment |
| Location | Jewar, Uttar Pradesh |
| Project Timeline | Expected to be commissioned in the next 6 to 8 months |
The contract was awarded by a domestic entity. Furthermore, Batliboi Ltd confirmed that neither the company's promoter nor its group companies have any interest in SAEL Industries Limited, and the transaction is not considered a related party transaction.
BATLIBOI Stock Price Movement
Shares of Batliboi Limited are edging higher to ₹89 as of 10:56 AM today, gaining 8.95% in live trading. The equity is seeing brisk activity, supported by a volume of 85,047 shares traded so far.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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