Deals31 Jul 2024, 10:42 pm
EIMCO Elecon (India) Ltd. Receives INR 53.61 Crore Order from JMS Mining, Later Reduced by INR 23.18 Crore
AI Summary
EIMCO Elecon (India) Ltd. has announced that it has received an order worth INR 53.61 Crores (excluding GST) from JMS Mining Private Limited for Manufacturing and Supply of Coal Mining Equipment. The order was received in October 2023 and was intended for staggered deliveries by January 2026. However, JMS Mining Private Limited has decided to reduce the awarded orders by INR 23.18 Crore (excluding GST) by reducing the deliveries pertaining to FY2025-26. The reduction in order was intimated to the Stock Exchange on 31st July, 2024.
Key Highlights
- EIMCO Elecon (India) Ltd. received an order worth INR 53.61 Crores from JMS Mining Private Limited.
- The order was for Manufacturing and Supply of Coal Mining Equipment.
- The order was intended for staggered deliveries by January 2026.
- JMS Mining Private Limited reduced the order by INR 23.18 Crore.
- The reduction in order was intimated to the Stock Exchange on 31st July, 2024.