Received new work order worth RS. 18,41,70,000
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Faalcon Concepts has secured a new work order valued at Rs. 18.42 crore (Rupees Eighteen Crore Forty One Lakh Seventy Thousand) from Splendor Information Technology Private Limited. The contract covers design, fabrication, build, and installation of aluminium glazing façade glass at a commercial building called Splendor ONYX located in Sector 142, Noida, Uttar Pradesh. The project spans 15 months with monthly billing linked to material delivery and performance milestones. The order is entirely domestic, and there is no related-party interest between the promoter group and the client.
The Rs. 18.42 crore order strengthens the company's order book and provides revenue visibility over the next 15 months, which is a positive business signal. Investors should note that this is a single project win from a private client, so execution risk and payment timelines will be key to watch.