Envirotech Systems Limited Secures Domestic Order for Acoustic Louver Panels
Envirotech Systems Limited has secured a significant domestic Purchase Order for the supply and installation of Acoustic Louver Panels. The order, valued at approximately ₹1,92,26,861/-, is for the 'TAISEI-BKC' project.The purchase order was awarded by Alufit International Private Limited, located at B-06 D/130 (Phase 1a), 133/7 And 130(Phase 1b), Village-Usatane, Khoni Taloja Road, Thane, Maharashtra-421306. The transaction involves the supply and installation of Acoustic Louver Panels, including necessary fixing accessories and secondary support systems.
According to the details provided, the transaction falls under a domestic contract. The total consideration for the order is reported as approximately ₹1,92,26,861/- (Rupees One Crore Ninety Two Lakh Twenty Six Thousand Eight Hundred Sixty One Only), inclusive of all taxes.
The agreement outlines specific financial and execution terms for the scope of work. A comprehensive breakdown of the key contract details is provided below:
| Particulars | Details |
|---|---|
| Entity Awarding the Order | Alufit International Private Limited |
| Order Nature | Supply and Installation of Acoustic Louver Panels |
| Broad Order Consideration | Approximately ₹1,92,26,861/- |
| Key Payment Terms | 20% Advance, 40% on Delivery, 30% on Installation, 5% on Handover, and 5% Retention |
| Time Period for Execution | As per the schedule provided by the Project Manager and agreed terms of the Purchase Order |
| Relationship Status | The order is not a related party transaction and is executed at an 'arm's length' basis. |
Envirotech Systems Limited confirmed that there is no reported interest of the promoter or promoter group in Alufit International Private Limited, ensuring the transaction remains independent.
ENVIRO Stock Price Movement
Envirotech Systems Limited shares today slipped by 4.72% to settle at ₹107.25. The stock was traded on a volume of 7,000 shares during the session.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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