Teamtech Formwork Solutions Secures Significant Order Worth 9.44 Crore from Lloyds
Teamtech Formwork Solutions Limited has secured a major order for the supply of formwork from Lloyds. The contract details indicate that this significant business transaction falls within the ordinary course of the company's operations and is expected to be executed within the stipulated timeline.The terms and conditions related to the contract highlight several key aspects of the deal. Teamtech Formwork Solutions Limited has received a substantial order, which exceeds the 10% threshold based on previous year's revenue.
Key details regarding the new contract are as follows:
| Particulars | Details |
|---|---|
| Name of the entity awarding the order | Lloyds |
| Nature of order/contract | Supply of formwork |
| Broad consideration/size of order | 9.44 Crore |
| Domestic status | Domestic |
| Execution period | 90 days |
The contract specifies that the goods and services must be provided within 90 days from the Purchase Order (PO) date. The transaction is categorized as a domestic entity procurement, with no related party transactions involved in this order.
TEAMTECH Stock Price Movement
Teamtech Formwork Solutions Limited shares surged to close at ₹78.95 today, reporting a strong gain of 4.99%. The stock reached its 52-week high, trading within an intraday range defined by ₹74.00 and ₹78.95 amid 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.
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.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.