Announcement under Regulation 30 (LODR) - Award of Order
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Awaiting price reaction for this filing.
CWD Ltd has received a purchase order valued at INR 53.10 crores (including taxes) from CyanConnode Private Limited for the supply of cellular NIC cards used in smart meters. The order is domestic in nature and is to be executed immediately. The win builds on the existing consortium partnership between the two companies for the Advanced Metering Infrastructure (AMI) project in Goa. CWD has highlighted this as a significant boost to its revenue pipeline in the IoT and smart infrastructure space. The order is not a related party transaction, and no promoter group entity has any interest in the awarding party.
Positive near-term revenue visibility from a known partner, reinforcing CWD's position in IoT/smart-meter manufacturing. Execution risk is minimal as it is a follow-on order from an existing relationship, though the stock reaction will depend on the order size relative to the company's overall annual revenue.