Precision Electronics Limited has secured a substantial order worth ₹2.16 crores from a private entity in the defense segment, as disclosed in a regulatory filing. The contract involves the supply of machined parts for defense equipment, marking a significant business development for the company.

Order Details and Specifications

The awarded contract encompasses the supply of machined parts specifically designed for defense equipment applications. The company will deliver these components according to customer specifications, demonstrating its capability in precision manufacturing for the defense sector.

Commercial Terms and Confidentiality

Due to confidentiality clauses and commercial sensitivity associated with defense contracts, Precision Electronics Limited has not disclosed the name of the awarding entity. This practice is common in defense sector transactions where strategic information requires protection. The contract has been awarded by a domestic entity, indicating the company's participation in India's defense manufacturing ecosystem.

Regulatory Compliance and Transparency

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that:

• The promoter/promoter group/group companies have no interest in the entity that awarded the order
• The contract does not fall within related party transactions
• All dealings are conducted at arm's length

Strategic Significance

This order represents Precision Electronics Limited's continued engagement in the defense manufacturing sector, showcasing its technical capabilities in producing precision-engineered components. The domestic nature of the contract aligns with India's focus on indigenous defense manufacturing and the company's positioning in this strategic sector.

The successful execution of this order within the current financial year will contribute to the company's revenue stream and reinforce its credentials as a reliable supplier in the defense equipment manufacturing space.

Precision Electronics Ltd has announced a significant business development with the receipt of an order worth ₹21.60 crores. This announcement marks a notable milestone for the company, which operates in the telecom equipment and infrastructure services sector.

Order Details

The company has secured this substantial order, though specific details about the nature of the products or services covered under this contract have not been disclosed in the announcement.

Company Profile

Precision Electronics Ltd operates in the telecom equipment and infrastructure services sector. The company is classified as a small-cap entity with a market capitalization of ₹267.31 crores.

Business Impact

This order represents a significant business opportunity for Precision Electronics, demonstrating the company's ability to secure substantial contracts within its operational domain. The announcement reflects the company's ongoing efforts to expand its business footprint in the telecom equipment sector.