We hereby inform that the Company has received a Letter of Intent from Suzlon Western India Projects Limited amounting to Rs. 1,20,46,620/-.
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Cryogenic OGS Ltd has received a Letter of Intent (LOI) from Suzlon Western India Projects Limited, a domestic wind energy company, worth ₹1,20,46,620 (approximately ₹1.20 crore including GST). The order is for the supply of Root Support and Tip Support, which are components used in wind turbine manufacturing. The order is to be executed within 8–10 weeks. The company has confirmed that the order is domestic, not a related party transaction, and that the promoter group has no interest in Suzlon Western India Projects Limited.
This is a relatively small order (around ₹1.20 crore) and may not be material enough to move the stock significantly. However, securing business from Suzlon, a major wind turbine player, signals that Cryogenic OGS is an approved vendor in the wind energy supply chain, which could lead to repeat orders.