We are please to inform you that the Company has received Letter of Intent from Emerson Measurement Systems and Solutions (India) Private Limited amounting to Rs. 5,54,79,894/-.
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Cryogenic OGS Ltd has received a Letter of Intent from Emerson Measurement Systems and Solutions (India) Pvt Ltd worth ₹5.55 crores (including GST). The order is for supply of fully integrated Metering Skids and is a domestic contract. The order needs to be executed within 24 weeks from the date of manufacturing clearance. The filing clarifies that Emerson is not a related party and promoters have no interest in the awarding entity.
This is a modest new order from a reputed client (Emerson), which adds to the order book but is unlikely to be a material game-changer on its own. Investors should check this against the company's annual revenue to gauge significance, as no revenue context has been provided in the filing.