We are pleased to inform you that our Company has received LOI from Suzlon Western India Projects Limited amounting to Rs. 1,07,89,040/-
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Cryogenic OGS Ltd has received a Letter of Intent (LOI) from Suzlon Western India Projects Limited valued at ₹1,07,89,040 (approximately ₹1.08 crore). The order is for the manufacture and supply of Tower and Nacelle Jigs, which are components used in wind turbine assembly. The total value is split into two parts — ₹39.79 lakh and ₹68.09 lakh. The order is domestic in nature, with an execution timeline of 4 to 6 weeks. There is no promoter or related party interest in Suzlon. The company also recently changed its name from Cryogenic Liquide Private Limited to Cryogenic OGS Limited.
This is a small-value order (around ₹1 crore) from a reputed wind energy client, which is a positive business signal but unlikely to materially move the stock given its modest size. The short 4-6 week execution window means revenue could be booked in the current quarter.