Trishakti Industries Secures Work Order from Larsen & Toubro Limited
Trishakti Industries Limited has secured a work order from Larsen & Toubro Limited for the deployment of advanced Machineries and skilled manpower at one of L&T's flagship project sites.The order from Larsen & Toubro Limited signals confidence from a top-tier corporate entity in the execution capabilities and asset strength of the company, which management believes will contribute to stronger revenue visibility and profitability in the coming quarters.
Contract Details
The details regarding the contract awarded by Larsen & Toubro Limited are summarized below.| Particulars | Details |
|---|---|
| Name of the entity awarding the order(s)/contract(s) | Larsen& Toubro Limited |
| Significant terms and conditions of order(s)/contract(s) awarded, in brief | Deployment for advanced Machineries and skilled manpower |
| Nature of order(s) / contract(s) | Hiring of machines with manpower |
| Time period by which the order(s)/contract(s) is to be executed | End of April |
| Duration of Contract | 06 months (Initial contract period) |
| Broad commercial consideration or size of the order(s)/contract(s) | Total contract value will be upwards of ₹ 75 Lacs inclusive of taxes |
The contract is described as a domestic order and is classified as hiring of machines with manpower. Furthermore, the order is not related to any promoter or promoter group company, nor does it fall under related party transactions.
Stock Price Movement
As of 12:21 PM, Trishakti Industries Ltd shares are ticking up to ₹138.90, marking a 3.16% rise for the day. The stock has moved within its intraday boundaries, hitting a high of ₹139.50 while holding above the ₹136.00 level.Source:
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