United Heat Transfer Secures Order from Siemens for Manufacturing Spare Vessels
United Heat Transfer Limited has secured a contract with Siemens Energy Industrial Turbomachinery India Private Limited for the manufacturing and supply of spare vessels. The order, which is designated for UHTL's domestic plant, amounts to approximately Rs. 94,96,000 (excluding tax).The agreement was awarded by the domestic entity, Siemens Energy Industrial Turbomachinery India Private Limited, with a commitment period extending until March 31, 2027. The nature of the contract involves manufacturing and supplying these spare vessels.
The transaction has been confirmed as a non-related party business deal.
Details regarding the payment structure and terms for the order were provided in the agreement:
| Particulars | Description |
|---|---|
| Contract Value | Approximately Rs. 94,96,000 (excluding tax) |
| Payment Schedule | 20% of basic order value upon submission of ABG valid until supply + 3 months claim period |
| 70% along with 100% taxes and duties against material readiness before final shipment | |
| 10% against submission of final dossier and PBG of equivalent amount valid till warrantee period | |
| Payment Terms | All payments are net of 30 days |
| Delivery Deadline | March 31, 2027 |
United Heat Transfer Limited, formerly known as United Heat Transfer Private Limited, secured the order from Siemens Energy Industrial Turbomachinery India Private Limited.
UHTL Stock Price Movement
United Heat Transfer Limited rallied today in post-market trading, settling at ₹118.05 after edging higher by 4.98%. The stock showed steady interest during the session, reporting a traded volume of 58,000 shares.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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