We wish to inform the Exchange that the Company has received a Purchase Order from Sterling and Wilson Renewable Energy Limited for supply and installation of pipes and fittings.
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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 is domestic in nature, with the supply location being Gujarat, and it includes installation/service scope. The total value of the order is Rs. 1,06,71,774.71 (approximately Rs. 1.07 crore). The order is not a related party transaction, and the promoters of Chiraharit have no interest in the entity that awarded the order. The execution timeline is as per the agreed terms in the purchase order.
This is a relatively small order (about Rs. 1.07 crore) from a reputed renewable energy player, which adds a credible client to the order book but is unlikely to be a material driver of the stock price on its own. Retail investors should watch for additional or larger orders to gauge business momentum.