Vdeal System Limited Wins ₹24.21 Million Order for Power Distribution System from NEELACHAL ISPAT
Vdeal System Limited has secured a significant contract worth ₹ 24,213,600 for the supply of a Power Distribution System. The order was placed by NEELACHAL ISPAT and is scheduled for delivery by February 28, 2027.The company, which specializes in Smart Electrical LT & HT Panels, Industrial Automation, IoT & Digitization, and Renewables, received the contract from the domestic entity, NEELACHAL ISPAT. The successful order contributes to Vdeal System Limited's expansion as it continues to strengthen its business growth footprint.
As part of this transaction, the company confirmed that there is no interest held by any promoter or promoter group in NEELACHAL ISPAT, nor would the contract fall under related party transactions.
Order Details Summary
The core details of the contract awarded are summarized below:| Particulars | Details |
|---|---|
| Client Name | NEELACHAL ISPAT |
| Nature of Contract | Supply of Power Distribution System as per the purchase order. |
| Commercial Value | ₹ 24,213,600 (Rupees two crore forty-two lakhs thirteen thousand six hundred only) |
| Order Type | Domestic Entity |
| Delivery Timeline | February 28, 2027 |
| Related Party Status | Not a related party transaction. |
VDEAL Stock Price Movement
Shares of Vdeal System Limited slipped by 2.60% in post-market trading today, settling at ₹149.50. The stock traded for 2,400 shares as the price fell sharply and came near its 52-week low of ₹148.6.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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