Vinyas Innovative Technologies Lands Domestic Order valued at ₹72.21 Crores for PCBA Manufacturing
Vinyas Innovative Technologies Limited has secured a significant purchase order from a domestic customer, totaling ₹ 72.21 Crores. The contract involves the manufacture and supply of Printed Circuit Board Assemblies (PCBA), providing a solid boost to the company's order book.The order is categorized as part of Vinyas Innovative Technologies’ ordinary course of business and was awarded by a domestic entity. The execution period for this order has been set for a timeline ranging from 3 to 6 months.
Key details regarding the newly awarded contract are presented below:
| Particulars | Description |
|---|---|
| Name of the Entity Awarding Order | Domestic Customer |
| Nature of Order | Purchase Order for manufacture and supply of PCBA |
| Value of the Order | Rs 72.21 Crores |
| Execution Timeline | 3 to 6 Months |
| Consideration | Rs 72.21 Crores |
The purchase order confirmed that Vinyas Innovative Technologies does not have any interest in the awarding entity, and the contract will not fall under related party transactions. This development underscores the company's capability and standing within the industry for specialized manufacturing orders.
VINYAS Stock Price Movement
As of 1:19 PM, shares of Vinyas Innovative Technologies Limited are slipping by 0.18% in live trading, currently at ₹1435. The stock has seen a volume of 3,400 shares traded so far today.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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