Chiraharit Ltd Receives Purchase Order from ICOMM Tele Limited
Chiraharit Ltd has secured a Purchase Order from ICOMM Tele Limited for the supply and services related to MCS. The contract details specify the supply of pipe and fittings as per the Bill of Quantities (BOQ), with the scope encompassing installation and services in Andhra Pradesh.The order is categorized as domestic, with the nature of the contract being Supply and Services of MCS. ICOMM Tele Limited is the awarding entity for this contract.
The scope of work is slated for execution within a period of 10 weeks. Financially, the broad consideration for the order amounts to Rs.9,54,37,131/- (Rupees Nine Crore Fifty-Four Lakh Thirty-Seven Thousand One Hundred and Thirty-One Only), excluding GST.
A table summarizes the key parameters of the contract awarded by ICOMM Tele Limited:
| Particulars | Details |
|---|---|
| Name of Entity Awarding Contract/Order | ICOMM Tele Limited |
| Scope of Supply | Supply of pipe & fittings as per BOQ |
| Location of Supply | Andhra Pradesh |
| Nature of Order | Supply and Services of MCS |
| Order Status | Domestic |
| Execution Period | Within 10 weeks |
| Consideration (Excluding GST) | Rs.9,54,37,131/- |
The details confirm that the order is not classified as a related party transaction, nor is there any interest from the promoter or promoter group in the awarding entity.
Additionally, the company noted receiving a Letter of Award (LOA) from Greenko AP01 IREP Private Limited (Greenko) vide their LOA - GAP01/SOLAR/2024 dated 07th September, 2024, for Rs.10.29 Crore. This LOA has subsequently been converted to a Purchase Order (PO) or Work Order (WO), with Greenko advising its Principal Contractor for the Project to release the PO/WO.
Stock Price Movement
Chiraharit Ltd shares settled at ₹8.50 on Thursday, concluding the session higher by 4.17%. Throughout the day, the stock explored a range between ₹7.53 and ₹8.97.Source:
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