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

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.

For more updates on market trends, stock insights, and business deals, explore:

👉 Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi

👉 Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi

📢 Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by SEBI Registered Research Analyst CA Abhay Varn.

📢 Follow Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.

📢 Start your Stock Market Journey and Apply in IPO by Opening a Free Demat Account in Choice Broking FinX.

Disclaimer

The information provided on this website is for educational and informational purposes only and should not be considered as financial advice, investment advice, or trading recommendations.

Trading in stocks, forex, commodities, cryptocurrencies, or any other financial instruments involves high risk and may not be suitable for all investors. Prices can fluctuate rapidly, and there is a possibility of losing part or all of your invested capital.

We do not guarantee any profits, returns, or outcomes from the use of our website, services, or tools. Past performance is not indicative of future results.

You are solely responsible for your investment and trading decisions. Before making any financial commitment, it is strongly recommended to consult with a qualified financial advisor or do your own research.

By accessing or using this website, you acknowledge that you have read, understood, and agree to this disclaimer. The website owners, partners, or affiliates shall not be held liable for any direct or indirect loss or damage arising from the use of information, tools, or services provided here.

Services