Business Update5 Sept 2026, 12:30 pm
Artson Ltd Secures ₹7.17 Cr Order from L&T - MHI Power Boilers
AI Summary
Artson Ltd has announced receiving a significant purchase order worth INR 7,17,00,000 (excluding taxes) from L&T - MHI Power Boilers Private Limited. The order entails the supply of 24 Vessels for 3 boilers, specifically for Units #4, #5, and #6 of NTPC Nabinagar. The execution timelines are staggered, with Unit #4 due by February 10, 2027, Unit #5 by May 10, 2027, and Unit #6 by August 10, 2027. This domestic order is classified as an 'Item Rate Order' and does not involve related party transactions or promoter group interests in the awarding entity.
Key Highlights
- Artson Ltd secured a domestic purchase order valued at ₹7.17 crore.
- The order is from L&T - MHI Power Boilers Private Limited.
- The contract involves supplying 24 vessels for NTPC Nabinagar project.
- Execution is scheduled to be completed by August 2027.
- No promoter or related party interests are involved in the deal.
Price Impact
More from ARTSON