Deals31 Dec 2024, 10:21 pm
BMW Industries Ltd Secures Long-Term Work Orders Worth Rs. 364.70 Crores
AI Summary
BMW Industries Ltd and its subsidiary, BMW Iron & Steel Limited, have received new long-term work orders, renewing their existing arrangements for tubes manufacturing and associated services. The work orders are valid until October 31, 2027. The contract value for BMW Industries Ltd's NH6 unit work order is expected to be Rs. 188.61 Crores, and for BMW Iron & Steel Industries Limited's Adityapur unit is expected to be Rs. 176.09 Crores, bringing the total contract value to approximately Rs. 364.70 Crores (Rupees three hundred sixty-four crores and seventy lakhs only).
Key Highlights
- BMW Industries Ltd receives new long-term work order for NH6 unit worth Rs. 188.61 Crores
- BMW Iron & Steel Limited, a 100% subsidiary, secures new long-term work order for Adityapur unit worth Rs. 176.09 Crores
- The work orders have a validity period of 8 years and 1 month, expiring on October 31, 2027
- Combined contract value for both work orders is approximately Rs. 364.70 Crores
- These work orders are in line with the company's focus on tubes manufacturing and associated services