Announcement under Regulation 30 (LODR) for receipt of Purchase order from GARDEN REACH SHIPBUILDERS & ENGINEERS LTD (A GOVT. OF INDIA UNDERTAKING)
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Quest Flow Controls Ltd has received a purchase order valued at approximately ₹23.56 crore (including GST) from Garden Reach Shipbuilders & Engineers Ltd (GRSE), a Government of India undertaking. The order is for the supply of valves and spares and must be executed within 3 months. GRSE is a defence public sector undertaking that builds warships and naval vessels for the Indian Navy, so this is a defence-sector order. The order is from a domestic entity and there is no related-party interest involved. The company, listed on the BSE SME platform, has disclosed this under SEBI's Listing Obligations and Disclosure Requirements Regulation 30.
This is a positive development for Quest Flow Controls as it bags a sizeable order from a prestigious government defence PSU, which could materially boost quarterly revenue given the short 3-month execution timeline. Winning institutional orders from a Navratna defence company also signals improved credibility, which may support order book growth and valuation re-rating.