Sembcorp Group Grants Rs. 2.71 Crore Contract for VG 64 Supply and Services

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Sembcorp Group Awards Rs. 2.71 Crore Contract for VG 64 Supply and Services

Team FS

19/Mar/2025

What's covered under the Article:

Sembcorp Group issues Rs. 2.71 crore contract for VG 64 supply and services at Padardi & Piluda.
Contract includes incremental purchase and work orders with payment terms as per original agreement.
Completion deadline set for March 31, 2025, with no related party involvement.

Sembcorp Group, a renowned infrastructure and energy conglomerate, has awarded a significant contract worth Rs. 2.71 crore for the supply of VG 64 and associated services at its Padardi & Piluda site locations. The contract, consisting of two incremental purchase orders and two incremental work orders, was officially communicated to the company via email on March 18, 2025.

Contract Overview and Key Details

The awarded contract, amounting to Rs. 2,71,06,838, will focus on VG 64 supply and related services. The terms and conditions remain consistent with those outlined in the original issued order and subsequent incremental orders. The execution timeline has been set to be completed on or before March 31, 2025.

Payment Terms and Execution Timeline

The payment terms of the order align with the original issued order, ensuring a streamlined financial process for the project. Given that the contract is classified under domestic procurement, it strengthens the company's role in local industrial supply and services.

No Promoter Involvement or Related Party Transactions

A critical highlight of the contract is that there is no involvement of the promoter group or related parties. This ensures the contract's transparency and adherence to corporate governance standards.

Market Impact and Business Implications

This contract reinforces Sembcorp Group's commitment to infrastructure development and energy sector growth. With an execution deadline of March 31, 2025, the project is expected to be completed efficiently, contributing to the company's supply chain stability and service enhancement.

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