Intimation for Receipt of Sub Contract Work Order
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GB Logistics Commerce Limited has received a sub-contract work order valued at approximately ₹107 Crores (including GST) from Adas Mining and Infra Private Limited. Adas Mining is the principal contractor of South Eastern Coalfields Limited (SECL), a Government of India enterprise under Coal India. The work involves loading and transportation activities at the Chhal Open Cast Project in the Raigarh Area. The company stated that this order is expected to contribute significantly to its revenue and operational growth. The disclosure was made under SEBI Listing Regulations, 2015.
A ₹107 Crore order is a sizeable contract for a relatively small company, and given the company describes it as a significant revenue contributor, this is materially positive for future earnings. The link to a Coal India subsidiary also adds credibility and visibility to the order pipeline.