Please find the enclosed announcement with respect receipt of Work order from KMC Constructions Limited towards "Formation of Track Works" approx. value of Rs.9.54 Crores
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Maruti Global Industries Ltd has received a work order worth approximately Rs. 9.54 crores from KMC Constructions Limited for 'Formation of Track Works.' The work is part of a South Central Railways (Construction Organisation) project involving doubling of the railway track between Akanapet and Medchal stations under an EPC contract. The order is domestic, falls within the ordinary course of business, and has no related party interest. The company has stated it expects the order to contribute positively to operational performance.
A new domestic order strengthens the company's order book and provides exposure to railway infrastructure spending. Investors should assess the Rs. 9.54 Cr order size in the context of the company's overall revenue base to gauge materiality.