GMM Pfaudler Limited has informed the Exchange about receipt of order
GMMPFAUDLR · price
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GMM Pfaudler's wholly owned German subsidiary, Pfaudler Normag Systems GmbH, has won a contract from a leading European defence and civilian weapons/ammunition manufacturer. The order is worth EUR 33.2 million (approximately INR 330 crores) for the design, engineering, and supply of complete end-to-end acid recovery equipment and systems. The company will receive a 30% down payment on signing and expects meaningful revenue contribution from this order. The contract is to be executed over 4 years and is entirely international in nature.
This is a sizeable, EUR-denominated export order that strengthens the order book and provides revenue visibility over the next 4 years. The 30% upfront payment also improves cash flow, and the defence-sector customer adds to the diversified, high-value client portfolio — likely a positive for the stock.