Admach Systems Limited has informed the Exchange regarding the receipt of purchase order from Welspun Tubular LLC, USA.
Price
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Awaiting price reaction for this filing.
Admach Systems Ltd has received a purchase order worth USD 45,902 (approximately INR 41.35 Lakhs) from Welspun Tubular LLC, USA. The order is for supplying a Main Edge Milling Automated Tool Changing Device Structure — a fully automated mechanism with high precision fabrication and machining. The scope covers complete engineering, manufacturing, supply, and inspection, with execution expected within 12 weeks on an ex-works basis. Payment terms include a 20% advance against proforma invoice and 80% on equipment readiness. The order is from an international entity and is not a related party transaction. The company's existing order book stands at INR 77.36 Crores.
This is a small incremental export order (roughly 0.5% of the current order book), so it is unlikely to materially move the stock price. However, it reinforces Admach's capability in serving international clients and adds to its order pipeline.