Pursuant to Regulation 30 of the Listing Regulations, 2015, we wish to inform you that Starport Logistics Limited, a material subsidiary of the Company, has received and accepted a Letter ....
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Starlog Enterprises' material subsidiary Starport Logistics Limited has received and accepted a Letter of Intent from Cemindia Projects Limited worth ₹10.80 Crore (excluding GST). The order is for lease rental of one 80MT Tower Crane, including deployment, operation, installation, commissioning, maintenance and dismantling, for the Adani Connex Data Centre project in Navi Mumbai. The lease rental spans 24 months from the date of commissioning. The contract is domestic, involves no related party or promoter group interest, and the client Cemindia is a private domestic entity.
This is a steady revenue order for the subsidiary, adding roughly ₹5.4 Crore per year over 24 months. For a small company like Starlog Enterprises, it supports top-line growth, though the scale is modest and dependent on the Adani Connex data centre project's execution timeline.