Valplast Technologies Limited has announced the securing of a new contract valued at approximately ₹156.61 crore. The contract is with M/s Nalanda Engicon Private Limited and encompasses the design, supply, erection, testing, and commissioning of Power Supply Installations (PSI), including TSS, SP, and SSP works. The project is expected to be completed within 24 months.
New Order Secured
Valplast Technologies Limited has been awarded a significant new order, as detailed in their recent disclosure. The contract, valued at ₹156,61,03,736 (Rupees One Hundred Fifty-Six Crore Sixty-One Lakh Three Thousand Seven Hundred Thirty-Six Only), has been secured from M/s Nalanda Engicon Private Limited. This development marks a substantial addition to the company’s order book and revenue pipeline.
Contract Details and Scope
The scope of the awarded contract involves comprehensive services including the Design, Supply, Erection, Testing, and Commissioning of Power Supply Installations (PSI). This scope specifically includes works related to the Transmission Sub-Station (TSS), Sub-station Package (SP), and Sub-station Package (SSP). The order is classified as domestic and is expected to be executed over a period of 24 months.
No Promoter Interest
Valplast Technologies has also confirmed that neither the promoter nor any promoter group companies have any interest in M/s Nalanda Engicon Private Limited, the entity awarding the contract. Furthermore, the order does not fall within the ambit of related party transactions, ensuring a clear and arms-length business engagement.
Source: BSE
