We are pleased to inform that our company has received a LOA/Purchase order worth Rs. 25,02,78,000.00 (incl GST) from Galaxy Solar Energy Pvt. Ltd. for supply of 72 nos of various ratings ....
MARSONS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Marsons Ltd has received a Letter of Award/Purchase Order valued at Rs. 25,02,78,000 (approximately Rs. 25.03 crores, inclusive of GST) from Galaxy Solar Energy Pvt. Ltd. The order is for the supply of 72 units of IDT Transformers of various ratings. The contract is domestic in nature and is to be executed within 6 months. The company confirmed that the order is not a related party transaction and the promoter group has no interest in the awarding entity.
This is a notable new order that provides revenue visibility for the next 6 months. For a small-cap company like Marsons, an order of this size is meaningful and could positively impact short-term revenue, though execution and collection risks remain.