Pursuant to Regulation 30 of SEBI Listing Regulations, 2015, this is to inform you that the Company has received an advance payment towards an export order booked in 2022, valued at approximately ....
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Bajaj Steel Industries has received an advance payment toward an export order originally booked in 2022, valued at approximately INR 100 Crores. The order is from an international client and covers the design, manufacturing, supply, supervision of installation, and commissioning of Cotton Ginning Machines and Equipment, to be executed over a period of one year. The order had been previously disclosed in the company's Investor Presentation under its Pending Order Position, and the receipt of advance marks a significant milestone in its execution. There is no promoter group or related party interest in the awarding entity.
Positive for shareholders — the advance confirms execution has commenced on a sizeable international contract, strengthening near-term revenue visibility and lowering order-execution risk.