
Business Update1 Sept 2026, 02:03 pm
Shayona Engineering Secures ₹4 Cr Service Order
AI Summary
Shayona Engineering Limited has received a Service Order worth ₹4 Crore (excluding GST) from a domestic customer for Engineering Review & Technical Consultancy Services. The order, valid from August 28, 2026, to March 31, 2027, involves comprehensive review of design criteria, engineering inputs, and optimization. Payment terms include a 25% advance and the balance 75% tied to project milestones. The customer's identity is withheld due to confidentiality agreements. The consultancy scope is to be completed within six months from the date of receipt of Letter of Intent (LOI).
Key Highlights
- Secured a ₹4 Crore service order for technical consultancy.
- Order includes engineering review and design optimization services.
- Payment terms: 25% advance, 75% on milestones.
- Project execution timeline is 6 months.
- Customer identity kept confidential due to agreement.
Price Impact
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