Intimation of receipt of work order
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DMR Engineering Ltd has received a work order from Wangchhu Hydroelectric Power Limited, Bhutan for consulting services related to the design and engineering of a diversion tunnel for the 570MW Wangchhu Hydropower Project in Bhutan. The contract value is Rs. 1.80 crore (excluding taxes) and the work is to be completed over 8 months. This is an international order for engineering consultancy services. The company has confirmed no related party transaction or promoter interest in the entity awarding the order.
This is a positive development as the company secures a new international consultancy contract, bringing in approximately Rs. 1.80 crore in revenue. However, being a small-cap SME company, the order size is modest and the impact on stock price may be limited in the short term.