Maruti Global Industries Secures Rs 5.9 Crore Sub-Contract Work Order from MSN Laboratories
Maruti Global Industries Limited has received a sub-contract work order from MSN Laboratories Private Limited, valued at approximately Rs 5.9 Crores. The contract pertains to various works related to the construction of Structural Works, Retaining Walls, and Fabrication for the counterparty.The receipt of this substantial work order is considered part of the Company's normal course of business and is anticipated to have a positive impact on its operational performance. MSN Laboratories Private Limited awarded the domestic sub-contract work order, which includes civil works such as construction of structural elements and fabrication services. The total consideration for the project stands at Rs 59,000,000, inclusive of GST.
The details of this contract award are summarized below:
| Particular | Details |
|---|---|
| Entity Awarding Order | MSN Laboratories Private Limited |
| Nature of Contract | Sub-contract work for construction of Structural Works, Retaining Walls, Fabrication and Others |
| Origin of Entity | Domestic |
| Consideration Size | Approximately Rs 5.9 Crores |
The agreement specifies that the contractor is responsible for execution in various specialized fields, including earthwork excavation (cutting/excavation), road work, concrete work, masonry, and plastering. The contract holds a validity period up to March 31st of the next year.
Stock Price Movement
Maruti Global Industries Ltd settled at ₹39.16 on Friday, ticking up 3.74% in post-market trading. Throughout the session, shares traded within a range of ₹37.70 to ₹39.36.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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