Receipt of order by Rochem Separation Systems (India) Private Limited, Material Wholly owned subsidiary of the company of Rs. INR 126 Crores from one of the India''s oldest and most respected integrated steel manufacturers, for the installation of Zero Liquid Discharge (ZLD) Systems.
CEWATER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Concord Enviro Systems' wholly owned subsidiary Rochem Separation Systems has secured an order worth INR 126 crores from a major domestic steel manufacturer for designing, engineering, supplying, erecting, and commissioning a Zero Liquid Discharge system for CETP upgradation. The order will be executed over 18 months and is described as India's largest ZLD system by capacity. The company states this will strengthen its consolidated order book and positively impact revenue visibility. The CMD highlighted that nearly 99% of wastewater will be recycled using membrane systems. The order is in the ordinary course of business and does not involve any related party transactions.
This is a significant contract win that represents a major addition to the company's order book and should provide revenue visibility over the next 18 months, which is positive for shareholders.