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Innovators Facade Systems has received a Letter of Intent from DLF Info Park Developers (Chennai) Ltd, part of the DLF Group, for Design, Supply, Installation & Commissioning of Façade Glazing Works. The project covers the 4 & 5 Downtown Blocks at DLF Downtown Taramani in Chennai, Tamil Nadu. The order is valued at INR 93.77 Crores (excluding taxes) and has an expected execution period of 420 days from project commencement. The order is from a domestic entity, and there is no promoter group interest or related party transaction involved.
This is a significant order win from a reputed real estate developer (DLF Group), strengthening the company's order book and providing revenue visibility for roughly 14 months. Positive for investor sentiment, though execution and margin outcomes will depend on timely project delivery.