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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Evans Electric Ltd has received a material order valued at Rs. 2.94 Crore from M.P. Power Generating Co. Ltd, a domestic entity. The order involves refurbishment of universal wound rotor pole assembly and stator activities for an 11KV, 105 MW unit, classified as a Supply & Works contract. The company is required to complete the work within 75 days. The disclosure confirms there is no promoter or related party interest in the awarding entity, and the transaction is not a related party transaction. The filing was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements, 2015.
This is a positive development as the company has bagged a fresh order, providing near-term revenue visibility. Given the 75-day execution timeline, the order could contribute meaningfully to the company's quarterly topline, though investors should note the order size relative to the company's overall scale.