Vivid Electromech Secures Multiple Orders Valued at Rs. 52.81 Crores (Approx)
Vivid Electromech Limited has received significant order confirmations totaling Rs. 52.81 crores (Approx) Excluding Taxes from three different companies. These orders cover the supply of various electrical panels and switchgear for upcoming projects in the solar energy and waste water management sectors.The company has secured a Letter of Award (LOA) from Cosmic PV Power Limited. This order is for the supply of LT Panels and HT Panels intended for Cosmic PV Power Limited’s Solar Cell Manufacturing Plant. The stipulated period for completing this supply is a maximum of four to nine months from the date of the LOA issuance.
Additionally, Vivid Electromech has received an order confirmation from Bondada Engineering Limited. This order involves supplying 33kV Outdoor Metal-Clad Switchgear Panels (2In/1Out and 3In/1Out) and 33kV Outdoor Metal-Clad Switchgear ICOG Panels for a solar park. The execution timeframe for this contract is four months.
A third order has been placed by DRN Infrastructure Private Limited. This Purchase Order is for the supply of 183 panels, which include LT, HT, VFD, AHF, APFC, NGGR, and LPBS Panels, designated for a waste water management system. The company is allotted a timeframe of 10 to 12 weeks from the manufacturing clearance of all 183 panels.
The orders are categorized as domestic contracts. The details and scope of the business received by Vivid Electromech are summarized in the table below.
| Entity Awarding Order | Nature of Order | Key Deliverables | Time Period |
|---|---|---|---|
| Cosmic PV Power Limited | Solar Cell Manufacturing Plant | Supply of LT Panels and HT Panels | 4 to 9 months |
| Bondada Engineering Limited | Solar Park | Supply of 33kV Outdoor Metal-Clad Switchgear Panels | 4 months |
| DRN Infrastructure Private Limited | Waste Water Management System | Supply of 183 panels (LT, HT, VFD, etc.) | 10 to 12 weeks |
The contracts are currently noted as non-related party transactions. The total value of the contracts combined amounts to Rs. 52.81 crores (Approx) Excluding Taxes.
VIVIDEL Stock Price Movement
Vivid Electromech Limited shares slipped today to settle at ₹1575.05, shedding 0.32% in the market. The stock traded within an intraday range of ₹1625 and a low of ₹1555.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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