Enclosed herewith Intimation on Awarded 50 Crores Purchase Order from Larsen & Toubro (L&T Construction), EPC Divisions.
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Ultracab (India) Ltd has received a purchase order worth Rs. 50 Crores (inclusive of taxes) from Larsen & Toubro Limited (L&T Construction). The order is for the supply of LT (low tension) power and control cables for an EPC project being executed by L&T's Construction Division. The order is domestic in nature and is to be executed within one year. The company stated the order was received in the ordinary course of business and is expected to contribute positively to its revenue and overall business performance. No related party interest is involved in the transaction.
This is a significant order win for Ultracab from a highly reputed counterparty (L&T), likely boosting near-term revenue. For a small-cap cable manufacturer, a Rs. 50 Crore order is material and could lift stock sentiment, though execution within the one-year timeline remains the key thing to watch.