Deals31 Jan 2025, 05:32 am
ARTSON ENGINEERING LTD. Receives Rs. 61.54 Crores LOI from Sadhav Offshore Engineering Pvt. Ltd.
AI Summary
ARTSON ENGINEERING LTD., a TATA Enterprise, has announced the receipt of a Letter of Intent (LOI) from Sadhav Offshore Engineering Pvt. Ltd. The LOI, valued at Rs. 61.54 Crores (Rupees Sixty-One Crore Fifty Four Lakhs Only) inclusive of GST, is for the construction and supply of a floating dry dock. The order is a domestic unit rate contract, to be executed within 11 months.
Key Highlights
- ARTSON ENGINEERING LTD. receives LOI worth Rs. 61.54 Crores from Sadhav Offshore Engineering Pvt. Ltd.
- The LOI is for the construction and supply of a floating dry dock.
- The contract is a domestic unit rate contract.
- The order is to be executed within 11 months.
- ARTSON ENGINEERING LTD. is a TATA Enterprise.