Business Update6 Jun 2026, 04:11 pm
Admach Systems Secures ₹1.65 Cr Purchase Order from Steel Industry
AI Summary
Admach Systems Limited announced it has received a purchase order worth ₹1.65 Crores (including GST) from a domestic customer in the steel industry. The order is for the supply of a Main System & Automatic Calibration Station and is expected to be executed within 8 to 10 months. The company also reported an existing order book of ₹76.25 Crores (including GST). Payment terms include a 15% advance, with the remainder staggered across layout approval, inspection, material receipt, and installation/commissioning stages.
Key Highlights
- Received a new purchase order valued at ₹1.65 Crores.
- Order is from a domestic customer in the steel industry.
- Execution timeline for the order is 8-10 months.
- Current order book stands at ₹76.25 Crores.
- Payment terms involve advance, milestone-based, and final payments.
Price Impact
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