We hereby inform you that the Company has received a LOI from Emerson Measurement Systems And Solutions India Pvt. Ltd. amounting to Rs. 2,12,66,380/-.
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Cryogenic OGS Limited has received a Letter of Intent (LOI) from Emerson Measurement Systems And Solutions India Pvt. Ltd for ₹2,12,66,380 (approximately ₹2.13 crore, excluding GST). The order is for supply of Metering Skids and is a domestic order. The execution timeline is 14-16 weeks. The order is not from a related party and there is no promoter interest in the awarding entity. This appears to be a new contract win for the company in the metering/skid equipment space.
This LOI represents a new contract win that could contribute positively to the company's revenue. The order size is modest at around ₹2.13 crore with a 14-16 week execution window. Without knowing the company's total revenue, the significance of this order cannot be fully assessed.