In terms of Regulation 30 of the SEBI (LODR) Regulations 2015, this is to inform that company has won order to design, manufacture, supply and installation of Storage racking system.
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Alphalogic Industries Ltd has secured an order from Blink Commerce Private Limited (popularly known as Blinkit) for the design, manufacture, supply, and installation of Storage Racking Systems. The order is worth Rs. 2,61,82,508 (approximately Rs. 2.62 crore) inclusive of GST. The installation work will be carried out across multiple Blinkit warehouse locations in Maharashtra, Jharkhand, Madhya Pradesh, Kerala, Andhra Pradesh, and Chhattisgarh. This is a domestic order from a private entity, and the execution is targeted within this quarter. The order is not a related party transaction and the promoter group has no interest in Blinkit.
The order brings new business for Alphalogic Industries and signals continued contract wins from prominent clients like Blinkit, which could be positive for the company's near-term revenue visibility.