Deals17 Sept 2024, 10:44 pm
Indo Tech Transformers Ltd. Receives Order Worth INR 42.56 Crores
AI Summary
Indo Tech Transformers Ltd. has announced the receipt of a Letter of Award (LOA) for the supply of 4 Nos of 192 MVA transformers. The aggregate value of the order is INR 42.56 Crores plus applicable taxes. The order is to be executed by May 2025 and does not involve any interest from promoters or related parties. This transaction is significant compared to the company's ordinary course of business, making it a material event.
Key Highlights
- Indo Tech Transformers Ltd. receives LOA for supply of 4 Nos of 192 MVA transformers.
- The total order value is INR 42.56 Crores plus applicable taxes.
- The order is to be executed by May 2025.
- No promoters or related parties have any interest in the entity that awarded the order.
- The transaction is significant compared to the company's ordinary course of business.