Sattva Engineering Secures Construction Order from Bimbo Bakeries India Private Limited
Sattva Engineering Construction Limited has secured a construction order from M/s. Bimbo Bakeries India Private Limited, a subsidiary of Grupo Bimbo, the world's largest baking company. The prestigious contract details the civil works and facilities required for the client's manufacturing plant in Serkadu Village, Tamil Nadu.The Purchase Order (PO) was received by Sattva Engineering from M/s. Bimbo Bakeries India Private Limited via email on August 6, 2026, referencing PO26-0009686. This contract represents a re-entry for the company into the Industrial & Utility Building segment.
The total financial scope of the order is substantial. The Basic Value stands at ₹9,50,63,345/- (Rupees Nine Crores Fifty Lakhs Sixty-Three Thousand Three Hundred Forty-Five Only) excluding GST. With applicable taxes included, the total Purchase Order amount is ₹11,21,74,747/- (Rupees Eleven Crores Twenty-One Lakhs Seventy-Four Thousand Seven Hundred Forty-Seven Only).
The project has been allocated a timeline of 20 Weeks for execution.
Key Contractual Details
The terms and conditions of the contract involve specific payment structures, defect liability, and penalties. The details are summarized below:| Particulars | Details |
|---|---|
| Entity Awarding Order | M/s. Bimbo Bakeries India Private Limited (Domestic Entity) |
| Nature of Work | Construction of civil works / facilities at manufacturing plant in Serkadu Village, Tamil Nadu |
| Execution Period | 20 Weeks |
| Payment Structure | 90% against RA Bills, payable within 15 days from Certification & Submission of invoice. The remaining 10% is paid after commissioning and handover upon submission of a PBG valid for the Defect Liability Period (DLP). |
| Defect Liability Period (DLP) | 1 Year |
| Liquidated Damages (LD) Clause | 0.5% per week, subject to a maximum of 10% of balance work after agreed timeline, provided there is a grace period of 10 days. |
The contract was confirmed as being awarded by a domestic entity. Furthermore, the company confirmed that it has no interest in M/s. Bimbo Bakeries India Private Limited and that the order would not fall under related party transactions.
SATTVAENGG Stock Price Movement
Sattva Engineering Construction Limited is gaining ground, trading up nearly 2.99% in live market as of 2:35 PM, currently at ₹84.45. The stock saw a reported volume of 1600 shares so far today.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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