In accordance with the Regulation 30 of SEBI (LODR) Reg 2015, we would like to inform that the Company has received an order for Rs.21.67 Crores (Basic Value) from Styrenix Limited, Vadodara ....
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Conart Engineers has secured a Rs. 21.67 Crore order from Styrenix Performance Materials Ltd for civil and structural work on a 27 KT Rubber Plant Facility in Nandesari, Vadodara. The project covers the entire plant's civil and structure work and must be executed within 24 months starting November 2025. The order has been awarded by a domestic entity, and the promoters have no interest in Styrenix. The contract is not a related party transaction. Conart Engineers is a Mumbai-based construction engineering firm listed on BSE (Scrip Code: 522231).
This is a meaningful new order for Conart Engineers and adds to its order book, providing revenue visibility over the next two years. The order is from a private domestic client, so execution risk and timely collection will be key things to watch for shareholders.