Bajaj Steel Industries Secures INR 35 Crore Domestic Order
Filing Summary
Bajaj Steel Industries Ltd has received an order valued at approximately INR 35 Crores from a domestic client. The order involves the design, engineering, manufacturing, and supply of Main LT Panels. The company has received a Letter of Intent for this order, which is expected to be fulfilled within 10 to 12 weeks. The identity of the client remains undisclosed due to confidentiality and commercial considerations. This transaction does not involve any related party transactions, and the promoter group has no interest in the client entity.
Bajaj Steel Industries Ltd has announced the receipt of an order valued at approximately INR 35 Crores from a domestic client. The order was disclosed pursuant to Regulation 30 of the SEBI Listing Regulations, 2015. The company has received a Letter of Intent (LOI) from the client, whose identity remains undisclosed due to confidentiality and commercial considerations.
The order involves the design, engineering, manufacturing, and supply of Main LT Panels. The transaction is classified as a domestic order, and the company has outlined a delivery timeline of 10 to 12 weeks. The order is inclusive of taxes, and no related party transactions are involved. Additionally, the promoter or promoter group does not have any interest in the client entity.
The details of the order were provided in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI/HO/CFD/PoD-2/CIR/P/0155 dated November 11, 2024, as amended. The company has requested BSE Limited to take the information on record.
Bajaj Steel Industries Ltd is engaged in the manufacturing and supply of steel products and equipment. The company focuses on expanding its product offerings and enhancing its manufacturing capabilities to meet the demands of its clients. It continues to secure significant orders, reinforcing its position in the domestic market.