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Lakshya Powertech Receives Purchase Order for HSD Bulk Oil Storage Tanks Installation
Team Finance Saathi
17/Dec/2024
What's Covered Under the Article:
- Lakshya Powertech has received a purchase order from Powerica Limited for installing HSD bulk oil storage tanks.
- The total value of the order is INR 2.81 crore, to be completed within 3 months.
- The contract is a domestic order, with no related party transactions or promoter interest.
Lakshya Powertech Limited (formerly Lakshya Powertech Private Limited), a company based in Ahmedabad, has recently received an important purchase order from Powerica Limited. The order is for the supply, installation, testing, and commissioning of HSD (High-Speed Diesel) bulk oil storage tanks at the Nxtra Data Centre. The company plans to execute the contract within three months, with the total value of the order amounting to INR 2.81 crore (excluding taxes).
Details of the Purchase Order
The purchase order involves the installation of HSD bulk oil storage tanks with all the necessary accessories and support systems for the Nxtra Data Centre. This marks a significant step in Lakshya Powertech’s expansion and a strategic partnership with Powerica Limited, a domestic entity. The order will be executed within three months from the date of receipt.
The total consideration for the contract is INR 2.81 crore, which amounts to INR Two Crore, Eighty-One Lakhs, Thirty-Eight Thousand Only, excluding taxes. The nature of the contract falls under the category of domestic procurement and is unrelated to any related party transactions. Lakshya Powertech has also confirmed that the promoter or promoter group does not have any interest in the entity awarding the order.
Compliance with SEBI Regulations
This announcement is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and complies with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 and SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Impact of the Order on Lakshya Powertech
Receiving this purchase order from Powerica Limited strengthens Lakshya Powertech's position in the energy sector. It also highlights the company's ability to secure large-scale projects, further enhancing its reputation in the industry. The successful execution of this contract will likely open doors to future business opportunities in similar domains, especially in the growing data center infrastructure industry.