Teamtech Formwork Solutions Limited Secures Significant Order for Supply of Formwork
Teamtech Formwork Solutions Limited has secured a substantial order related to the supply of formwork. The contract was awarded by Lloyds and is expected to be executed within the specified timeline, representing an ordinary course of business for the company.The significant contract details were confirmed, indicating that the agreement involves supplying specialized formwork materials. The terms stipulate execution must be completed within 45 days from the issuance of the Purchase Order (PO).
Key parameters of the order are as follows:
| Particulars | Details |
|---|---|
| Name of entity awarding the order | Lloyds |
| Nature of order/contract | Supply of formwork |
| Broad consideration/size of order | 7.17 Crore |
| Domestic or international | Domestic |
| Execution period | 45 days |
| Promoter interest | NIL |
The contract is noted as being a domestic transaction, and neither the promoter group nor any related party transactions are involved in this specific deal. Teamtech Formwork Solutions Limited remains committed to fulfilling the terms of the order within the stipulated timeframe.
TEAMTECH Stock Price Movement
Teamtech Formwork Solutions Limited saw its stock climb, finishing today at ₹78.95 after gaining 4.99% from previous trading levels. The rally culminated in the company hitting a 52-week high, closing within an intraday range of ₹74.00 to ₹78.95 on 102,000 shares traded.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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