S&S Power Switchgears subsidiary secures ₹50 Cr+ order from Vedanta Aluminium
S&S Power Switchgears' subsidiary, HART, secured a major order exceeding ₹50 Crores from Vedanta Aluminium for a Pot Control System. This is the company's largest order to date, with partial execution in the current and balance in the next financial year.
The order value exceeds ₹50 Crores and is the single largest order received by the company, which is expected to have a substantial positive impact on its revenue and market position.
The announcement details the receipt of a significant new order, which is the largest in the company's history, indicating positive business development and growth.
S&S Power Switchgears Limited (S&SPOWER) announced that its wholly-owned subsidiary, Hamilton Research & Technology Private Limited (HART), has received a significant purchase order (PO) from Vedanta Aluminium Metal Limited. The order is for the supply of a Pot Control System along with associated installation and commissioning services.
This contract represents the single largest order ever received by the company. The order value exceeds ₹50 Crores, promoting Indian technology and adhering to the 'Make in India' initiative. The execution of this order will be partly completed within the current financial year and the remainder in the upcoming financial year. Vedanta Aluminium Metal Limited is a domestic entity, and S&S Power Switchgears Limited confirms that its promoters or promoter group have no interest in the awarding entity, and the contract does not fall under related party transactions.
What to do with a filing like this
S&S Power Switchgears 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 S&S Power Switchgears Limited. Read the original for the full detail.