Harsha Engineers International Limited has informed the Exchange about Bagging/Receiving of orders/contracts
HARSHA · price
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Harsha Engineers International has signed a Letter of Intent with a leading multinational group company that manufactures AC compressors. The deal is for the recurring supply of stamping products and runs for an initial period of 5 years starting April 26, 2025. The estimated order value is around Rs 18 crore per annum, implying a potential total order value of roughly Rs 90 crore over the contract period. The counterparty is a domestic entity, and the company confirmed there is no promoter or related-party interest in the deal.
This is a positive new order win that adds a long-duration, recurring revenue stream from a globally recognised AC compressor maker, supporting order book visibility for the next five years, though the size is modest relative to the company's overall scale.