Intimation of receipt of purchase order.
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Shipwaves Online Ltd has received a purchase order worth USD 58,000 (approximately Rs. 52.6 lakhs) from M/s. National Energy Services Reunited DMCC (a Dubai-based entity). The order involves deploying the company's 'Shipment Orchestrator Platform' at NESR Energy to manage end-to-end order and logistics operations including procurement, inventory, and freight management. The contract is international in nature, denominated in USD, and has a two-year execution period. The filing confirms there is no promoter or related party interest in the awarding entity, and the transaction is at arm's length.
The order value is modest in absolute terms, so the direct financial impact may be limited. However, it adds a new international client in the Middle East energy sector, validates the company's logistics platform for global deployment, and diversifies revenue with USD-denominated earnings over a two-year period.