TeamTech Formwork Solutions secures ₹7.17 crore order from Lloyds
TeamTech Formwork Solutions Limited has received a significant order worth ₹7.17 crore from Lloyds for the supply of formwork. The domestic order, exceeding 10% of the previous year's revenue, is to be executed within 45 days.
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TeamTech Formwork Solutions Limited has secured a significant domestic order worth ₹7.17 crore from Lloyds for the supply of formwork. The order value exceeds 10% of the previous year's revenue, marking a key development for the company's order book. The contract is in the ordinary course of business and is expected to be executed within the stipulated timeline of 45 days from the purchase order date.
The disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015. The order is domestic in nature and involves no promoter group interest or related party transactions. The execution period is set at 45 days, as per the significant terms and conditions outlined in the order.
Order Details
| Particulars | Details |
|---|---|
| Name of the entity awarding the order | Lloyds |
| Nature of order/contract | Supply of formwork |
| Broad consideration/size of order | ₹ 7.17 Crore |
| Execution period | 45 days |
| Whether domestic or international | Domestic |
| Promoter/Promoter Group interest | NIL |
| Related Party Transaction | NIL |
The order reinforces TeamTech Formwork Solutions Limited's position in the domestic construction supply sector. The company, formerly known as Teamtech Formwork Solutions Private Limited, is headquartered in Hyderabad, Telangana.
How will this order impact TeamTech's revenue growth for the current fiscal year?
Does this order signal a potential increase in demand for formwork solutions in the domestic market?
What are the company's strategies for securing similar large-scale orders in the future?
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