We are pleased to inform you that Cryogenic OGS Limited has received an LOI from Advanced Sys-Tek Limited amounting to Rs. 97,66,448/-.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cryogenic OGS Limited has received a Letter of Intent (LOI) from Advanced Sys-Tek Limited for the supply of a metering skid valued at ₹97,66,448 (approximately ₹97.66 lakhs). The order is domestic in nature and is to be executed within 10 weeks from the date approved documentation is received from AST. The order is not a related party transaction, and neither the promoters nor group companies have any interest in the awarding entity. Advanced Sys-Tek Limited is an Indian (domestic) company, and the order involves supply of products, not services or international trade.
This is a relatively small domestic order (under ₹1 crore) and is unlikely to materially move the stock price or significantly impact financials on its own. However, it adds to the company's order book and demonstrates continued business activity with a domestic client.