Innomet Advanced Materials wins order worth Rs 89,95,000 from IIT BHU
Innomet Advanced Materials Limited secured a Rs 89,95,000 purchase order from IIT BHU for its THA division on June 22, 2026. The domestic order requires execution based on a specific delivery schedule and involves no related party transactions.
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Innomet Advanced Materials Limited has secured a purchase order worth Rs 89,95,000 from the Indian Institute of Technology, Banaras Hindu University, strengthening its order book in the domestic market. The order was received on June 22, 2026, and pertains to the company's THA division. This development is significant as it underscores the company's capability to secure contracts from premier educational and research institutions.
The purchase order, numbered SDY/DRDO/2026-27/06, was awarded by the autonomous public technical university. The total consideration for the contract is fixed at Rs 89,95,000. The company is required to execute the order in strict adherence to the delivery schedule outlined in the purchase order document.
The disclosure was made to the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirmed that the order is domestic in nature and that there are no interests held by the promoter, promoter group, or group companies in the entity awarding the contract. Furthermore, the transaction does not fall under related party transactions.
The following table details the key parameters of the order:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Name of Client | Indian Institute of Technology, Banaras Hindu University |
| 2. | Consideration | Rs 89,95,000 |
| 3. | Nature of Entity | Domestic |
| 4. | Nature of Order | Purchase Order for THA division |
| 5. | Execution Timeline | As per delivery schedule in Purchase Order |
Saritha Devi Chilakapati, Whole-Time Director & CFO, signed the disclosure on behalf of Innomet Advanced Materials . The company confirmed that all necessary details regarding the order have been submitted to the exchange as per the regulatory circulars.
Historical Stock Returns for Innomet Advanced Materials
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.97% | +15.68% | +34.56% | +33.38% | -33.62% | -35.11% |
How will this order from IIT BHU impact Innomet's revenue projections for the current fiscal year?
Does this contract signal a broader strategy to expand the THA division's presence within the educational and research sector?
What are the margin expectations for this order compared to the company's average profitability?
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