Tembo Global Industries Limited has informed General Updates regarding achievement of order for Water Irrigation
TEMBO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tembo Global Industries has bagged two orders from a domestic organization for the supply of DI (Ductile Iron) Pipes for Water Irrigation projects. The total order value is approximately Rs. 51.82 crore, split into Rs. 18.55 crore and Rs. 33.27 crore for the two orders. The orders need to be executed within 12 months. The disclosure under SEBI Regulation 30 suggests the order size is material relative to the company's operations. There is no related party involvement and no promoter interest in the awarding entity.
This is a positive development as the ~Rs. 51.82 crore order provides visible revenue for the next 12 months in the water irrigation segment, supporting the company's order book and potentially boosting near-term revenue and earnings.