Receipt of Award - Details enclosed.
Price
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Artson Ltd has received an order worth Rs. 42.22 Crores (including taxes) from Anuppur Thermal Energy (MP) Pvt. Ltd. The contract involves supply, fabrication, testing, painting, packing, transportation, and transit insurance of prefabricated steel structures for a Coal Handling Plant (CHP) on a DAP site basis. It is a domestic, item-rate order to be executed within 6 months. The order is not a related-party transaction, and no promoter or group company has any interest in the awarding entity.
This is a meaningful new order for Artson Ltd and is likely to boost near-term revenues and provide order book visibility for the next two quarters. Given the company's size, an order of this value is material and could positively influence investor sentiment, though execution within the tight 6-month timeline will need to be monitored.