We are pleased to announce that our company has received a LOI worth Rs. 52,35,51,840/- (incl GST) (Fifty Two Crore Thirty Five Lakh Fifty One Thousand Eight Hundred and Forty only) from ....
MARSONS · price
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Marsons Ltd has received a Letter of Intent (LOI) valued at Rs. 52,35,51,840 (about Rs. 52.35 crore including GST) from Madhyanchal Vidyut Vitran Nigam Limited, a Uttar Pradesh government undertaking. The order is for supply of 56 units of 33/11 KV, 10 MVA power transformers. The contract is domestic with a delivery timeline of 6-8 months. The order is not a related party transaction and promoters have no interest in the awarding entity.
This is a sizeable new order from a state government power utility that could meaningfully boost the company's order book and provide revenue visibility over the next 6-8 months. Positive near-term signal for the stock, though execution and margin profile remain key things to watch.