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Asya Infosoft Limited Bags Major Order for PH and Chlorine Analyser Manufacturing
Team Finance Saathi
28/Dec/2024
What's covered under the Article:
- Asya Infosoft Limited has received an order for manufacturing PH and Chlorine Analyser from RM Controls & Automations.
- The order is valued at INR 7.61 crore with a warranty of 66 months.
- The contract stipulates an 8-month delivery period and is awarded by a domestic entity.
Asya Infosoft Limited Receives Major Order for PH and Chlorine Analyser Manufacturing
Asya Infosoft Limited (CIN: L72900GJ1985PLC029849), previously known as Axis Solution Limited, has announced a significant order under the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company has been awarded a contract to manufacture PH and Chlorine Analysers by M/s RM Controls & Automations, a key domestic player in the automation sector. This order marks a significant step forward for Asya Infosoft, further solidifying its position in the industrial manufacturing market.
Details of the Order
As per the disclosure filed with the BSE Limited, the order from RM Controls & Automations is for the manufacturing of PH and Chlorine Analyser systems, with a total contract value of INR 7,61,25,000. The key terms of the contract include a 66-month warranty period from the date of supply, ensuring long-term reliability and support for the analysers. Moreover, the order requires integrating LT Modern provided by the customer, which will support the chlorine analyser with necessary data.
Contract Terms and Delivery Schedule
The time frame associated with this order is approximately 8 months from the date of the purchase order. Asya Infosoft will be manufacturing the analysers in phases, with manufacturing clearance to be given on a LOT basis. This gives the company ample time to adhere to quality standards while meeting the project’s stringent delivery requirements.
The order size of INR 7.61 crore underscores the importance of this contract to the company’s financial health and its ability to scale up its operations in the coming months. Asya Infosoft is confident that this order will contribute significantly to its revenue stream in the near future.
About the Entity Awarding the Order
The order has been awarded by M/s RM Controls & Automations, a prominent entity in the automation and control systems industry. This partnership is set to enhance Asya Infosoft's capabilities in manufacturing high-precision analyzers, which are vital in industrial applications.
Disclosure Under SEBI Regulations
As per the SEBI circular SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123, Asya Infosoft has provided the necessary details in Annexure A regarding the order terms and conditions, including the warranty period, the integrations required, and the delivery timelines. The company has also confirmed that there is no conflict of interest with the awarding entity and the transaction does not fall under related party transactions.
Conclusion
This contract reflects Asya Infosoft Limited’s growing capabilities in manufacturing sophisticated industrial equipment and its commitment to expanding its portfolio. The company’s strong relationship with RM Controls & Automations highlights the potential for future collaborations in the automation industry. Asya Infosoft continues to demonstrate robust financial growth, backed by significant contracts and strategic partnerships.