Mazda Ltd Secures Rs. 25 Crore Order for Condensers Supply

Mazda Ltd has announced the receipt of an order worth Rs. 25 Crore for the supply of condensers. This order was placed by a leading EPC consultant located in Mumbai. The announcement was made in accordance with Regulation 30 of the SEBI Listing Regulations.

The contract involves the manufacturing and supply of condensers and is classified as a domestic order. The execution timeline for this order is set at 11 months from the date of approval of the technical drawings and documents. The financial consideration for this order is specified as Rs. 25 Crore, excluding applicable taxes.

The order does not constitute a related party transaction, and there is no involvement or interest from the promoter or promoter group of Mazda Ltd in the entity awarding the contract. The order is conducted at arm’s length, ensuring compliance with regulatory requirements.

The EPC consultant awarding the order is a significant player in the engineering, procurement, and construction sector, focusing on infrastructure and industrial projects. The consultant collaborates with various manufacturers to procure essential components for large-scale projects.

Mazda Ltd specializes in the manufacturing of engineering products, including condensers, ejectors, and vacuum systems. The company focuses on expanding its product offerings and enhancing its manufacturing capabilities to meet the demands of industrial clients. Mazda Ltd continues to secure contracts that align with its strategic priorities in the engineering sector.