Concord Enviro Systems Subsidiary Secures ₹126 Crore ZLD Order
Concord Enviro Systems' subsidiary Rochem Separation Systems secured a ₹126 crore order for ZLD systems from a major steel manufacturer. The project will be executed over 18 months. CMD Prayas Goel noted the system's energy efficiency, recycling nearly 99% of wastewater.
The order value of ₹126 crore is substantial and represents a new business win for the company, directly contributing to its future revenue and growth.
The announcement details the securing of a significant new order, which is expected to positively impact the company's order book, revenue visibility, and operational performance.
Concord Enviro Systems Limited (CESL) announced that its material wholly-owned subsidiary, Rochem Separation Systems (India) Private Limited, has secured a significant order worth ₹126 crore.
This order, received from one of India's oldest and most respected integrated steel manufacturers, is for the installation of Zero Liquid Discharge (ZLD) systems. The project is to be executed over a period of 18 months and is expected to enhance the company's consolidated order book and revenue visibility.
Commenting on the development, CMD Mr. Prayas Goel stated, "We are pleased to have secured an order for setting up India’s largest ZLD system by capacity at a renowned multinational conglomerate that has played a pivotal role in India’s industrialization and nation-building. The most interesting aspect of the design of this ZLD system is the energy footprint with nearly 99% of the wastewater being recycled using membrane systems and only about 1% going to thermal concentration systems. This is decade long partnership maturing into a long term value creation role and we truly cherish this partnership with this institution."
The company highlighted that the ZLD system design emphasizes energy efficiency, with approximately 99% of wastewater being recycled using membrane systems and only about 1% directed to thermal concentration systems. This order is considered a long-term partnership and value creation opportunity.
The promoter, promoter group, and group companies have no interest in the entity awarding the order, and the transaction does not constitute a related party transaction. The receipt of this order is expected to positively impact CESL's operational performance and growth trajectory on a consolidated basis.
What to do with a filing like this
Concord Enviro Systems Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Concord Enviro Systems Limited. Read the original for the full detail.