We wish to inform the Exchange that the Company has been awarded a Purchase Order from Sterling and Wilson Renewable Energy Limited for supply and installation of pipes and fittings.
Price
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Chiraharit Limited has received a Purchase Order from Sterling and Wilson Renewable Energy Limited for the supply and installation of pipes and fittings. The order value is Rs. 53,45,000 (Rs. 53.45 lakh) and the work will be executed in Gujarat. This is a domestic order and not a related party transaction. The company has confirmed that no promoter or group companies have any interest in the entity awarding the order. The order execution timeline will be as per the agreed terms in the Purchase Order.
This is a new contract win for the company in the renewable energy sector, providing modest revenue visibility. The order size of Rs. 53.45 lakh is relatively small and may have limited impact on the stock price unless the company has a significantly small revenue base.