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Awaiting price reaction for this filing.
Ecoboard Industries Ltd has received a work order worth Rs. 2,250 lakh (Rs. 22.5 crore) excluding GST from Kaligiri Renewable Energy Private Limited. The order is for setting up a 12 Tonnes Per Day (TPD) Compressed Biogas (CBG) Plant based on Sulzer Wet CSTR technology. The awarding entity is a domestic private company, and the order is in the nature of a contract. There is no promoter or related party interest in the entity that awarded the order, so no conflict of interest concerns arise. The company has disclosed the details as required under SEBI's Listing Obligations and Disclosure Requirements regulations.
This is a new order win in the clean/renewable energy space, which could diversify Ecoboard's revenue base. The Rs. 22.5 crore order may be meaningful for the company, but its materiality depends on Ecoboard's overall annual revenue size, which is not stated in this filing.