Diffusion Engineers Limited has informed the Exchange about Bagging/Receiving of orders/contracts
DIFFNKG · price
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Awaiting price reaction for this filing.
Diffusion Engineers Limited has received a domestic order worth approximately INR 48 Crores for the supply of High Pressure Grinding Rolls (HPGRs) for the cement industry. The order is to be delivered over the next 11 months. The order has been placed by a domestic client, and there is no interest from the promoter or group companies in the awarding entity. The transaction is not a related-party deal. The filing was made under SEBI Listing Regulations to keep the stock exchanges informed of this new business win.
This is a positive development that strengthens the company's order book and provides revenue visibility over the next 11 months. Shareholders may view this as a sign of steady demand for the company's HPGR products in the domestic cement sector.