Loyal Equipments Limited has informed BSE about the receipt of purchase order from Indian Oil Corporation Limited.
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Awaiting price reaction for this filing.
Loyal Equipments Limited has received a purchase order from Indian Oil Corporation Limited (Mathura Refinery) for the supply of Air Fin Cooler Assembly. The total order value is Rs. 7.61 Crores inclusive of GST. The contract is domestic in nature and is to be executed within 8 months. The order has been awarded at arm's length with no related party or promoter group interest involved.
Positive development as it adds a new order from a large public-sector client (IOCL) to the company's order book, providing revenue visibility over the next 8 months. The Rs. 7.61 Crore order size is modest, so the stock impact may be limited unless execution leads to follow-on orders.