We wish to inform you that Chiraharit Limited has received a Purchase Order from TP Vardhaman Surya Limited (Tata Group Company) for Supply and Services for Wind Power Project.
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Chiraharit Limited has received a purchase order worth Rs. 4,93,25,000 (approximately Rs. 4.93 crore) from TP Vardhaman Surya Limited, which is a Tata Group company. The order is for the supply and services of SVG (Static Var Generator) and Filters, along with miscellaneous services for a wind power project located in Karnataka. The project is to be executed within 16 weeks. This is a domestic order and is not a related party transaction. The company has confirmed that neither promoters nor any group companies have any interest in the entity awarding the order.
This order represents a meaningful contract win from a prestigious Tata Group entity, signaling Chiraharit's entry into the renewable energy sector. While the exact size relative to the company's revenue is unknown, this should be viewed positively as it diversifies the company's business into wind energy projects.