Receipt of purchase orders by various Infrastructure Companies by M/s N.S Engineering Projects Private Limited, a Subsidiary Company of Cosmic CRF Limited for Rs. 3135.85 Lakhs-Disclosure ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cosmic CRF Ltd's subsidiary, N.S Engineering Projects Private Limited, has secured purchase orders worth Rs. 3,135.85 Lakhs (about Rs. 31.36 Crores) from various domestic infrastructure companies. The orders cover fabricated MS flat, MS round, structural steel products, fabricated MS plate, and fabricated MS coil, totaling 3,700 metric tonnes of steel products. The largest order is Rs. 1,522.20 Lakhs for 2,000 MT of fabricated MS flat and MS round, to be completed within 6 months. The other two orders, worth Rs. 1,056.10 Lakhs and Rs. 557.55 Lakhs, need to be executed within 1 month each. The orders are domestic, not related-party transactions, and have no promoter group interest.
This is a positive development as the subsidiary has secured sizable orders that should boost near-term revenue, with two of the three orders to be executed within a month, providing quick revenue recognition. Investors should watch for execution timelines and whether more such orders follow, as this signals business momentum in the infrastructure segment.