Admach Systems' order book strengthens to ₹81.71 crore

Admach Systems Limited (BSE SME: 544669), a specialised engineering solutions company engaged in the design and manufacturing of Special Purpose Machinery, Non-Destructive Testing systems and advanced industrial equipment, has received a purchase order worth ₹501.50 lakh, including GST, from a domestic customer operating in the steel industry.

The order involves the supply of a two-roll straightening machine, designed to support precision straightening requirements in steel-processing operations. The equipment is scheduled to be delivered within nine months from the date of receipt of the purchase order or advance payment, whichever is later.

Following this order, the company's total order book stands at ₹81.71 crore, including GST, providing healthy revenue visibility for the coming periods.

Key Order Details

- Customer Segment: Domestic Steel Industry
- Equipment: Two-Roll Straightening Machine
- Order Value: ₹5.02 crore, including GST
- Execution Timeline: Within nine months from the date of the purchase order or receipt of advance payment, whichever is later
- Current Order Book: ₹81.71 crore, including GST

Mr. Ajay Longani, Chairman and Managing Director of Admach Systems Limited, said: "This order is another important addition to our growing portfolio of customised industrial machinery solutions. It highlights our technical capabilities and our ability to address the evolving requirements of customers in the steel industry. We remain committed to delivering high-quality equipment within the stipulated timelines while continuing to pursue opportunities across our target industrial sectors."

Shares of Admach Systems Limited was last trading in BSE at Rs. 300.10 as compared to the previous close of Rs. 303.00. The total number of shares traded during the day was 3000 in over 5 trades.

The stock hit an intraday high of Rs. 309.00 and intraday low of 300.10. The net turnover during the day was Rs. 912360.00.

Source : Equity Bulls

Keywords

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