In accordance with the provisions of the SEBI(LODR)Regulations 2015 and with reference to the Corporate announcement dated 17th September 2025, the order stands cancelled . The details ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
TCM Ltd has announced the cancellation of a Rs. 7.92 crore work order received from CIAL Infrastructures Limited (a subsidiary of Cochin International Airport Limited). The order, originally dated 9th September 2025, was for the design, installation, testing and commissioning of solar PV ground mounted installations totaling 7.5MWp (1.8MWp + 5.7MWp) at CIAL's Nayathode site. The work had been started within the scheduled time. The cancellation was communicated by CIAL on 28th April 2026, citing circumstances beyond their control. The company will submit work execution details within 15 days for final settlement. As a result, the Rs. 7.92 crore turnover will not be reflected in billings.
This cancellation removes an estimated Rs. 7.92 crore from expected revenue, which could negatively impact the company's near-term financial performance. The loss of this solar energy project order represents a setback to TCM's diversification efforts into renewable energy segment.