Epack Prefab Technologies Limited, a player in the pre-engineered building sector, has announced significant new business developments that could potentially boost its order book and future revenue streams.

Major Purchase Orders

The company has disclosed receiving material purchase orders totaling ₹1,75.50 crores from two prominent clients:

Project Specifics

Inox Neo Energies Limited Contract

• Scope: Supply and erection of Pre-Engineered Buildings (PEB)
• Project: 5GW Solar Cell Project
• Location: Odisha

Reliance Industries Limited Order

• Scope: Prefab structures for various purposes, including staff colonies
• Project: Khavada facility
• Location: Near Kutch, Gujarat

Regulatory Compliance

Epack Prefab Technologies has promptly disclosed this information to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company's management has deemed these orders as material, highlighting their significance to the company's operations and potential financial impact.

Market Implications

These substantial orders from industry giants like Reliance Industries and Inox Neo Energies could signal growing demand in the pre-engineered building and prefab structure sector. The contracts span diverse projects, from renewable energy infrastructure to industrial facility development, potentially indicating a broad-based demand for Epack Prefab's services across different industries.

The magnitude of these orders, totaling ₹1,75.50 crores, may have positive implications for Epack Prefab's future revenue projections and market position. However, investors and market watchers should consider that the execution of these projects and their impact on the company's financials will unfold over time.

As the pre-engineered building sector continues to evolve, particularly with the push towards renewable energy projects and industrial expansion, companies like Epack Prefab Technologies may find themselves at the forefront of this growth trajectory. The successful execution of these high-value projects could potentially strengthen the company's portfolio and industry standing.

EPACK Prefab Technologies Limited, a company listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), has disclosed that the Department of Goods and Service Tax (GST) conducted searches at its premises in Greater Noida. The searches, aimed at ascertaining potential GST evasion, took place on October 30-31.

Search Details

The GST Department's search operations were carried out at multiple locations:

The search was conducted by the Joint Director, DGGI, Gurugram Zonal Unit.

Company's Statement

EPACK Prefab Technologies has stated that the search has not impacted its financial, operational, or other activities. The company made this disclosure in compliance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Points

• The search was conducted to ascertain if there was any GST evasion.
• The company's registered office is located at 61B, Udyog Vihar, Greater Noida.
• The corporate office is situated at B-13 Ecotech-1st Extension, Greater Noida.
• EPACK Prefab Technologies is listed on NSE (Scrip Symbol: EPACKPEB) and BSE (Scrip Code: 544540).

The company has assured that this information will be available on its website under the investor relations section. As the investigation is ongoing, further details about the outcome of the search are yet to be disclosed.