Innovators Facade Systems Ltd Wins Contract for Worli Sea Face Project from Lodha Developers
Innovators Facade Systems Ltd has secured a Letter of Award (LOA) for the Design, Supply, and Installation of facade works. The contract was awarded by Lodha Developers Limited for the high-profile Lodha Worli Sea Face Project.The project, situated in Worli, Mumbai, represents a significant business development for the facade systems company.
According to the details provided, the order size, excluding taxes, totals INR 76.82 Crores. The contract falls under the purview of a domestic entity.
The estimated completion period, as stipulated in the Letter of Award, is two years. Furthermore, the transaction was noted as neither involving a related party transaction nor was there any existing interest from the promoter group or its companies in the awarding entity.
The key project and financial details are summarized below:
| Parameter | Detail |
|---|---|
| Awarding Entity | Lodha Developers Limited |
| Project Name | Lodha Worli Sea Face Project (Tower & Clubhouse), Mumbai |
| Project Location | Worli, Mumbai |
| Order Value (Excluding taxes) | INR 76.82 Crores |
| Entity Type | Domestic Entity |
| Estimated Completion Period | 2 Years |
Stock Price Movement
As of 11:05, Innovators Facade Systems Ltd is ticking up, currently sitting at ₹148.70, which represents a significant 6.21% jump for the day. The shares have been volatile today, trading between an intraday low of ₹142.00 and an intraday high of ₹148.70.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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