United Heat Transfer secures Rs 1 crore order from Siemens Energy
United Heat Transfer has received a purchase order worth Rs 1 crore from Siemens Energy Industrial Turbomachinery India Private Limited for manufacturing pressure vessels. The domestic order, valued at Rs 1,00,00,000 excluding tax, is scheduled for delivery in two lots on October 20 and November 20, 2026. The transaction is not a related party transaction.

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United Heat Transfer has secured a purchase order worth ₹1 crore from Siemens Energy Industrial Turbomachinery India Private Limited for the manufacturing and supply of pressure vessels. The order, valued at approximately ₹1,00,00,000 excluding tax, is intended for supply at the company's domestic plant. This development strengthens the company's order book within the domestic market.
The order was intimated to the National Stock Exchange of India Ltd. on June 02, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in compliance with specific SEBI circulars dated July 13, 2023, and November 11, 2024. The Board of Directors of United Heat Transfer confirmed the receipt of the order.
Order Details
The purchase order entails the manufacturing and supply of pressure vessels to a domestic client. Siemens Energy Industrial Turbomachinery India Private Limited is the entity awarding the contract. The company confirmed that the promoter, promoter group, or group companies do not hold any interest in the entity awarding the order, and the transaction does not qualify as a related party transaction.
Execution Schedule
The order stipulates a specific timeline for execution. The first lot of materials is scheduled for delivery on October 20, 2026, while the second lot is to be delivered on November 20, 2026. The entire scope of work is domestic, with no international components involved in this specific contract.
Payment Terms
The agreement outlines structured payment terms linked to project milestones. The terms are as follows:
| Milestone | Payment Percentage | Conditions |
|---|---|---|
| Advance | 20% | Against submission of ABG of same amount valid till supply + 3 months of claim period. |
| Readiness | 70% | Along with 100% taxes & duties against readiness of material before final shipment. |
| Completion | 10% | Against submission of final dossier & submission of PBG of equivalent amount valid till warranty period. |
| Credit Period | - | All payments are net of 30 days. |
The disclosure was signed by Yogesh Vishwanath Patil, Chairman & Managing Director of United Heat Transfer Limited.
Historical Stock Returns for United Heat Transfer
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.00% | +60.97% | +81.36% | +35.75% | +52.09% | +42.22% |
How will this order impact United Heat Transfer's revenue projections for the current fiscal year?
Does this contract signal a potential for larger future collaborations with Siemens Energy?
What is the company's strategy to expand its order book beyond the domestic market?






























