Admach Systems gets Rs 5.01 cr purchase order from steel industry client
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Admach Systems received a purchase order worth Rs 501.50 lakhs (including GST) from a domestic steel industry customer for supply of a two roll straightening machine. Delivery is to be completed within 9 months from the PO or advance payment, whichever is later. The company's current order book stands at Rs 81.71 crores (including GST). Payment terms include 10 percent advance, 80 percent against factory acceptance testing with full GST, and 10 percent after successful commissioning. There is no promoter or related party interest in the customer.
The new order adds about 6 percent to the existing order book, supporting near-term revenue visibility. It is meaningful but not transformative for the small-cap stock.