Intimation of receipt of purchase orders worth Rs. 35,68,500/- from FedEx Express Transportation & Supply Chain Services (India) Private Limited.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shipwaves Online Ltd has received a purchase order worth Rs. 35,68,500 from FedEx Express Transportation & Supply Chain Services (India) Pvt. Ltd. for implementing and maintaining a comprehensive end-to-end logistics digitalization solution. The order is on an immediate basis and is domestic in nature. The company clarified there is no related party transaction and no promoter interest in the entity awarding the order. This disclosure is made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Securing an order from FedEx, a major global logistics player, is a positive business development and validates Shipwaves' capabilities in logistics digitalization. However, at Rs. 35.69 lakh, the order size appears modest and its impact on the company's financials will depend on their total revenue base.