Letter of Award: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
CLN Energy Limited has received a Letter of Award worth approximately USD 18,05,000 (around Rs 15.91 Crores) from a Hong Kong-based multinational company. The order covers design and development of a system, production part approval process, and after-sale support. It is an international supply order to be executed within 90 days. The customer name has been withheld citing competitive sensitivity. The transaction is not a related party deal, and the promoters have no interest in the awarding entity.
This is a positive for CLN Energy as it adds a new international client and brings in hard-currency export revenue that should reflect in the near term given the 90-day execution window. Investors should look for repeat orders from this client as confirmation of a strong relationship.