Loyal Equipments Limited has informed BSE about the receipt of purchase order from Burckhardt Compression (India) Pvt. Ltd.
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Loyal Equipments Limited has received a Purchase Order from Burckhardt Compression (India) Pvt. Ltd. for the supply of Compressor Skid Packages. The order value is Rs. 6.54 Crores (including GST) and is to be executed within 7 months. This is a domestic order and there is no related party involvement. The company, which manufactures industrial equipment including compressor packages, has secured this contract from a Pune-based industrial client. No further details about payment terms or specific delivery schedules were disclosed.
This order adds to Loyal Equipments' order book and provides revenue visibility for the next 7 months. The Rs. 6.54 crore deal could have a positive impact on the company's near-term revenue, though the overall significance depends on the company's total annual revenue.