Admach Systems bags NDT equipment order worth Rs 2.96 Cr for Mexico, China delivery
Price
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On the reaction day the stock moved 6.1 pts more than Nifty Microcap 250 and 6.5 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Admach Systems has received a purchase order from a domestic customer in the non-destructive testing (NDT) industry for two NDT machines. Order value is Rs 295.73 lakhs including GST, with final delivery in Mexico and China. Execution timeline is 16 weeks. Payment terms include 30 percent advance with the PO and balance against dispatch. The order is not a related party transaction. The company current order book stands at Rs 83.77 crores including GST.
Adds about 3.5 percent to order book; signals export reach via delivery in Mexico and China through a domestic NDT customer.