Sattva Engineering Secures Purchase Order from Bimbo Bakeries for Industrial Facility Construction
Chennai, India – August 07, 2026 – Sattva Engineering Construction Limited has secured a significant purchase order from Bimbo Bakeries India Private Limited. The contract marks a strategic re-entry into the industrial and utility building sector for the engineering firm.Bimbo Bakeries India is a major packaged food and bakery enterprise in India and operates as a subsidiary of Grupo Bimbo, recognized as the world's largest baking company. This new order adds a leading international client to Sattva Engineering’s portfolio and strengthens its presence within the industrial construction segment.
Project Scope and Financial Details
The project involves civil construction works at Bimbo Bakeries India’s manufacturing facility located in Serkadu Village, Tamil Nadu. The assignment is slated for completion within 20 weeks.The financial details of the contract are as follows:
| Detail | Value |
|---|---|
| Project Location | Serkadu Village, Tamil Nadu |
| Segment | Industrial & Utility Building |
| Order Type | Domestic |
| Basic Order Value | ₹ 9.51 crore (excluding GST) |
| Total PO Value | ₹ 11.22 crore (including applicable taxes) |
| Execution Timeline | 20 weeks |
The payment terms associated with the project include receiving 90% against Running Account (RA) Bills, payable within 15 days from certification and invoice submission. The remaining balance of 10% will be paid after commissioning and handover upon submission of a Performance Bank Guarantee (PBG) valid for the Defect Liability Period.
Expanding Industrial Credibility
The assignment offers Sattva Engineering an opportunity to expand its execution credentials in industrial civil construction and increase involvement in manufacturing infrastructure projects.Sattva Engineering Construction Limited operates as an engineering and infrastructure company specializing in turnkey industrial and environmental infrastructure projects. The Company possesses integrated capabilities spanning engineering design, procurement, construction, commissioning, and long-term operations and maintenance. Its expertise is complemented by a growing focus on water and wastewater treatment solutions. Sattva’s clientele includes public utilities and various industrial customers who require complex infrastructural solutions.
SATTVAENGG Stock Price Movement
On Friday, shares of Sattva Engineering Construction Limited rallied, closing at ₹84.45 after gaining 2.99%. The stock saw trading volume of 1,600 shares during 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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