United Heat Transfer Limited Secures Domestic Purchase Order from Siemens Energy Worth Rs. 1 Crore

United Heat Transfer Limited Secures Domestic Purchase Order from Siemens Energy Worth Rs. 1 Crore​

United Heat Transfer Limited announced the receipt of a substantial purchase order for the manufacturing and supply of Pressure Vessels. The contract was awarded by Siemens Energy Industrial Turbomachinery India Private Limited, marking a significant domestic business transaction for the company.

The order, which is categorized as a domestic contract, involves the manufacturing and supply of Pressure Vessels. The total broad consideration for this contract is approximately Rs. 1,00,00,000/- (excluding tax). The transaction was confirmed to be neither a related party nor would it fall within related party transaction parameters.

The contract has a defined execution timeline, with the deliverables scheduled in two distinct lots. The first lot is slated for delivery on October 20, 2026, followed by the second lot on November 20, 2026.

In terms of payment structure, the agreement specifies key terms across multiple stages:

• 20% of the basic order value is payable upon the submission of an Advance Bank Guarantee (ABG) of an equivalent amount, valid until supply plus a three-month claim period.
• 70% of the value is payable alongside 100% of applicable taxes and duties upon the readiness of material before the final shipment.
• The remaining 10% is payable upon the submission of the final dossier and a Performance Bank Guarantee (PBG) of equivalent amount, valid until the warranty period.
• All payments are structured to be received net of 30 days.

The following table summarizes the key details of the purchase order:

UHTL Stock Price Movement​

Shares of United Heat Transfer Limited are rallying, gaining 6.17% to trade at ₹86.95 as of 12:34 PM. The equity is seeing robust intra-day momentum, with 258,000 shares trading and remaining within its range of ₹81.15 to ₹87.7.