BMW Ventures Secures Major Order for TMT Steel Supply from Tata Projects Limited
BMW Ventures Limited has secured a significant purchase order from Tata Projects Limited for the supply of TMT Steel FE-550D Grade. The order, valued at Rs. 24,98,34,320/- inclusive of all taxes, pertains to the 3X800MW- for USCTPP-ADANI Project.The agreement falls under a domestic transaction, with Tata Projects Limited awarding the order. The supply of the specialized TMT Steel FE-550D Grade is set for delivery within eight weeks from the date of the Purchase Order.
The terms of the contract include a 100% advance payment.
The details of the purchase order are summarized below:
| Particular | Details |
|---|---|
| Awarding Entity | lata Projects Limited |
| Nature of Order | Supply of TMT Steel FE-550D Grade for 3X800MW- for USCTPP-ADANI Project |
| Broad Consideration | Rs 24,98,34,320/- inclusive of all taxes |
| Payment Terms | 100% advance payment |
| Execution Timeline | Within 8 weeks from date of Purchase Order |
The transaction is categorized as a domestic order, and the company confirmed that the awarding entity holds no interest related to the company’s promoters or promoter group, meaning the contract does not constitute a related party transaction.
BMWVENTLTD Stock Price Movement
BMW Ventures Limited stocks are edging higher to ₹57.07 as of 3:26 PM, registering a 0.05% gain in live trading. The equity has seen considerable movement today, with 69,258 shares exchanged so far this afternoon.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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