Deals2 Jul 2024, 01:29 am
Welspun Specialty Solutions Ltd Wins Contract Worth Rs. 117.17 Crore from BHEL Trichy
AI Summary
Welspun Specialty Solutions Ltd has been awarded a formal Purchase Contract by BHEL Trichy for the supply of Seamless Stainless Steel Boiler Tubes for NTPC Talcher 2 x 660 MW Super critical Thermal Power Project. The contract, valued at Rs. 117.17 Crore (including GST), is expected to be executed by December 2024. This transaction is not a related party transaction and is done at arm’s length basis, complying with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and the Company’s Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information.
Key Highlights
- Welspun Specialty Solutions Ltd wins a contract worth Rs. 117.17 Crore from BHEL Trichy.
- The contract is for the supply of Seamless Stainless Steel Boiler Tubes for NTPC Talcher 2 x 660 MW Super critical Thermal Power Project.
- The contract is expected to be executed by December 2024.
- This transaction is not a related party transaction and is done at arm’s length basis.
- The contract win is in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and the Company’s Code of Practices and Procedure for Fair Disclosure of Unpublished Price Sensitive Information.