Receipt of Purchase Order by M/s. N.S. Engineering Projects Private Limited, subsidiary company of the Company.
Price
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Cosmic CRF's subsidiary N.S. Engineering Projects Private Limited has received two purchase orders from domestic infrastructure companies. The first order is for 1,200 M.T of Z Sheet Piles valued at Rs 800.04 lakhs (incl. GST), and the second is for 50,000 metres of Metal Beam Crash Barriers valued at Rs 1,197.70 lakhs (incl. GST). Combined order value is roughly Rs 1,997.74 lakhs (~Rs 20 crore), with both orders to be executed within a 3-month period. The orders are from private domestic infrastructure entities, with no related party interest flagged.
Positive for short-term revenue visibility at the subsidiary level, with full execution expected within the next quarter. Investors should note that order size relative to the company's overall revenue base is not disclosed in the filing.