Cryogenic OGS Secures LOI for Supply of Metering Skids from Emerson Measurement Systems
Cryogenic OGS Limited, a fluid metering and filtering equipment OEM formerly known as Cryogenic Liquide Pvt. Ltd., has announced that it has received a Letter of Intent (LOI) from Emerson Measurement Systems And Solutions India Pvt. Ltd. The contract involves the supply of Metering Skids, with a broad consideration valued at ₹2,12,66,380.00 (Two Crore twelve Lakhs Sixty Six Thousands Three Hundred and Eight Rupees Only, Excluding GST).The LOI confirms that the contract for the supply of metering skids is a domestic deal awarded by Emerson Measurement Systems And Solutions India Pvt. Ltd. Cryogenic OGS Limited anticipates the execution of this order will take place within a period of 14 to 16 weeks.
The details of the contract awarding the order were structured as follows:
| Parameter | Detail |
|---|---|
| Awarding Entity | Emerson Measurement Systems And Solutions India Pvt. Ltd |
| Nature of Order | Supply of Product |
| Product Scope | Supply of Metering Skids |
| Domestic/International | Domestic |
| Consideration Value | ₹2,12,66,380.00 (Excluding GST) |
| Execution Timeline | 14 - 16 Weeks |
The agreement confirms that the contract does not involve any interest from the promoter group in the awarding entity, nor does it fall within the category of related party transactions.
Stock Price Movement
As of 14:17, shares of Cryogenic Ogs Ltd are ticking up, trading at ₹168.00, which reflects a strong 2.03% gain for the day. The stock has navigated its intraday range, reaching a low of ₹163.00 but maintaining momentum below its daily high of ₹168.65.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.