BMW Ventures Secures INR 4.53 Crore Order from Oil & Gas PSU
Filing Summary
BMW Ventures Ltd has secured an order valued at INR 4.53 crore for the supply, fabrication, and coating of structural steel for a leading Oil and Gas Public Sector Undertaking (PSU). The order falls under the company’s Pre Engineered Building (PEB) Manufacturing division. The contract specifies a 5% advance payment with the balance due post-erection. The project is to be completed within 12 weeks from the purchase order date. This order does not involve any related party transactions or promoter interest.
BMW Ventures Ltd has announced the acquisition of a significant order valued at INR 4.53 crore. The order involves the supply, fabrication, and coating of structural steel, specifically for a Pre Engineered Building (PEB) project. The contract has been awarded by a leading Oil and Gas Public Sector Undertaking (PSU), although the name of the customer remains confidential due to non-disclosure agreements.
The terms of the contract include a 5% advance payment, with the remaining balance to be settled after the erection phase is completed. The project is scheduled for completion within 12 weeks from the date of the purchase order. This order is categorized under domestic contracts, and there are no international elements involved.
According to the filing, the order does not constitute a related party transaction, and there is no interest from the promoter or promoter group in the awarding entity. The details of the contract have been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order is part of BMW Ventures’ operations in the PEB Manufacturing division, which focuses on providing structural steel solutions. The company has not disclosed any further details regarding the specific location or additional terms of the project.
BMW Ventures Ltd is engaged in the manufacturing and supply of structural steel and related products. The company focuses on expanding its footprint in the infrastructure sector, particularly in the PEB segment. BMW Ventures aims to enhance its service offerings to cater to various industrial requirements.