Greenleaf Envirotech Secures Letter of Intent worth Rs 1.52 Crores from Wipro Enterprises Pvt Ltd
Greenleaf Envirotech Limited has secured a Letter of Intent (LOI) valued at Rs 1.52 Crores, inclusive of applicable GST, from M/s. Wipro Enterprises Pvt. Ltd. This contract is expected to bolster the company's order book and enhance its position within the water treatment and environmental infrastructure segment.The LOI covers a comprehensive range of services for Greenleaf Envirotech Limited’s works. The scope includes design, engineering, procurement of materials and bought out components, manufacture, assembly, inspection, and testing. Additionally, the contract involves painting, preservation packing, forwarding, dispatch transportation with transit insurance, and project supervision.
The aggregate value of the order is Rs 1.52 Crores, inclusive of all applicable GST. The contract includes commercial terms regarding payment, delivery, warranty, and liquidated damages. Since this deal originated from a domestic entity, the timeline for execution has been set at three months from the date of the LOI.
Key details pertaining to the contract are summarized below:
| Particulars | Details |
|---|---|
| Awarding Entity Name | M/s. Wipro Enterprises Pvt. Ltd. (WEPL) |
| Contract Value | Rs 1.52 Crores (inclusive of GST) |
| Nature of Work | Design, engineering, procurement, manufacture, assembly, inspection and testing in addition to painting, packaging and transportation supervision. |
| Execution Period | Three months from the date of LOI |
| Entity Origin | Domestic |
The receipt of this contract is expected to strengthen Greenleaf Envirotech Limited's order book, improve revenue visibility, and enhance its presence in the water treatment and environmental infrastructure segment, as noted in the project rationale.
GREENLEAF Stock Price Movement
On Friday, shares of Greenleaf Envirotech Limited gained sharply, settling at ₹73.85 after rising by 4.98%. The stock closed up ₹3.50 amid solid trading activity with 41,000 shares transacted throughout 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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