Marvel Decor Secures INR 3.91 Crore Order for Ultra Exclusive Tower in Dubai
Marvel Decor Limited has secured a significant purchase order valued at INR 3.91 Crore. The contract involves the supply and installation of curtain tracks and motors for a high-end, ultra exclusive 32 story tower located in Jumeirah Bay Island, Dubai, UAE.The project is described as one of the city's most prestigious ultra-luxury residential developments. This landmark project comprises 32 floors and features an exclusive collection of half floor penthouses, full floor penthouses, and three-level sky villas, making it a highly sought after property in the global branded luxury residences segment.
This contract win is noted to strengthen Marvel Decor’s position in the industry and reinforce its growing presence among iconic luxury developments worldwide.
Project Details and Financial Scope
The key details of the international purchase order are summarized below:| Detail | Description |
|---|---|
| Order Value | INR 3.91 Crore |
| Nature of Contract | Regular Purchase Order for Curtain Tracks and motors |
| Origin Entity | International Entity |
| Project Location | Jumeirah Bay Island, Dubai, UAE |
| Execution Timeline | Scheduled to be executed within a period of 2 months |
| Relationship Status | The order is not related party transaction, and the promoter group holds no interest in the awarding entity. |
The project scope focuses on supplying specialized curtain tracks and motors required for the luxury residential development.
MDL Stock Price Movement
Marvel Decor Limited is currently shedding 4.29% in live trading as of 10:52 AM, with shares tumbling to ₹69.1 after dropping by ₹3.10 from the previous session's closing price. The stock has recorded a volume of 2,000 shares traded so far in 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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