Readymix Construction Machinery Ltd. Receives Purchase Orders Worth Rs. 15.80 Crores
Readymix Construction Machinery Limited announced it has received purchase orders totaling Rs. 15.80 Crores for the development, fabrication, and installation of two '2 Lines Powder Plants'. The orders were received from a domestic client, a leading manufacturer in adhesives.The project involves a 22-week timeline, encompassing approximately 3 months of supply and 2 months for commissioning. The value of the order is Rs. 15.80 Crores, excluding Goods and Services Tax (GST).
The company secretary and compliance officer, Munjaji P. Dhumal, confirmed that neither the company’s promoters, promoter group, or group companies have any interest in the entity awarding the order. The transaction is not considered a related party transaction.
Details regarding the client remain undisclosed due to client confidentiality agreements.
| Particular | Description |
|---|---|
| Name of the entity awarding the order(s)/contract(s); | Not disclosed due to the requirement of maintaining client confidentiality. |
| Significant terms and conditions of order(s)/contract(s) awarded in brief | Development, fabrication and installation of 2 Lines Powder Plant. |
| Whether order(s) / contract(s) have been awarded by domestic/ international entity; | Domestic Entity |
| Nature of order(s) / contract(s); | PO for Development, fabrication and installation of two '2 Lines Powder Plant' |
| Whether domestic or international | Domestic |
| Time period by which the order(s)/contract(s) is to be executed | 22 weeks from date of PO (Approximately 3 months' supply + 2 months commissioning) |
| Broad consideration or size of the order(s)/contract(s); | Value of the Order received is Rs. 15.80 Crores (Excluding GST) |
| Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof; | No, promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s) |
| Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at 'arm's length'. | NO |
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.