United Heat Transfer Receives Rs. 30.72 Lakh Order from Burckhardt Compression India
Team Finance Saathi
12/Dec/2024

What's covered under the Article:
- United Heat Transfer has received a significant purchase order from Burckhardt Compression India worth Rs. 30.72 lakh.
- The order involves the manufacturing of parts for heat exchangers to be supplied at Burckhardt’s domestic plant.
- The deal has a payment structure and is expected to be executed in 2 to 3 months.
United Heat Transfer Limited, formerly known as United Heat Transfer Private Limited, has announced the receipt of a purchase order from Burckhardt Compression (India) Private Limited. The order, valued at approximately Rs. 30.72 lakh (excluding taxes), is for the manufacturing of parts for heat exchangers and coolers for stages 1 and 2. This development highlights United Heat Transfer's strong foothold in the domestic industrial manufacturing sector and its capacity to deliver on significant contracts.
Purchase Order from Burckhardt Compression India
The order is significant as it underscores United Heat Transfer's growing relationships with key industrial players. The terms of the purchase order include a payment structure that requires an advance of 20% against the submission of a corporate guarantee, another 20% against submission of unpriced purchase order copies to sub-vendors for major items like forgings, pipes, plates, fittings, gaskets, and fasteners, and the remaining 60% of the basic amount along with 100% taxes due for payment within 30 days after dispatch.
Manufacturing and Domestic Execution
The order relates to the manufacturing of parts for heat exchangers and other components that will be supplied to Burckhardt’s domestic plant in India. The execution of this contract is expected to take place within 2 to 3 months. This demonstrates the company's ability to fulfill large-scale orders within tight timelines, contributing to its growing reputation in the industrial manufacturing sector.
United Heat Transfer is proud to confirm that this deal is domestic and does not fall under related party transactions, ensuring transparency in business dealings. The company also clarifies that its promoters or their group companies have no vested interest in Burckhardt Compression India, further solidifying the professional nature of this transaction.
Significant Impact for United Heat Transfer
This order further strengthens United Heat Transfer’s position in the market as a reliable supplier of high-quality industrial components. The company continues to meet the demands of a diverse client base across sectors, ensuring its role in the manufacturing of heat exchangers and industrial parts. The value of this contract reflects the company’s manufacturing capability and its ability to handle large-scale orders effectively.
By securing this Rs. 30.72 lakh order from a reputable company like Burckhardt Compression, United Heat Transfer is paving the way for future growth in the industrial manufacturing space, especially in the heat exchanger sector.
This order is also an indication of United Heat Transfer's expanding operations and its strong presence in the Indian market, particularly within heat exchanger manufacturing. The company’s capability to manage large contracts and meet the delivery timelines places it in a strong position for future opportunities within the industrial manufacturing domain.
In conclusion, the purchase order from Burckhardt Compression India demonstrates United Heat Transfer's growing influence and capabilities in the industrial sector, especially in the field of heat exchangers and coolers manufacturing.
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