Admach Systems Secures ₹1.59 Cr Order, Order Book Reaches ₹68.37 Cr
Admach Systems Limited has announced securing a new order worth approximately ₹159.30 lakhs (including GST) for a Bar Handling System for an Auto-UT Machine from a domestic steel and alloy manufacturing company. This new order brings the company's total order book to ₹68.37 crore (including GST). The order is to be executed within 7 months, with payment terms including advance, against proforma invoice and factory acceptance testing, and upon successful commissioning. The management expressed confidence in their engineering capabilities and execution strength, highlighting the order's contribution to their specialized automation solutions for the steel sector. This development provides encouraging visibility for upcoming business targets.
Key Highlights
- Secured a new order valued at ₹159.30 lakhs for a Bar Handling System.
- Total order book now stands at ₹68.37 crore.
- Order execution timeline is set for 7 months.
- Management highlights customer trust and execution strength.
- Order enhances capabilities in specialized automation for steel sector.
Price Impact
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