We are pleased to inform you that Cryogenic OGS Limited has received letter of intent from Advanced Sys-tek Ltd. and Purchase order from Honeywell Automation India Limited amounting to ....
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Awaiting price reaction for this filing.
Cryogenic OGS Limited has secured orders totalling ₹1,44,14,317 (approximately ₹1.44 crore) from two domestic clients. Advanced Sys-tek Limited issued a Letter of Intent worth ₹99 lakh for Terminal Automation Products including Strainers, Air Eliminators, Prover Tanks and Additive Dosing Skid. Honeywell Automation India Limited placed a Purchase Order worth ₹45.14 lakh for Strainers, Air Eliminators and Prover Tanks. Both orders are domestic, unrelated party transactions, and must be executed within 8-12 weeks. The disclosure was made under SEBI LODR Regulation 30.
This is a positive operational update, adding ₹1.44 crore to the order book from reputed clients including a Honeywell group entity. The orders are short-cycle (8-12 weeks), meaning revenue recognition will be quick, which is supportive for near-term revenues. However, given the relatively modest size of the orders, the immediate impact on stock price is likely to be limited.