Admach Systems Limited has received an order worth approximately Rs 159.30 lakh, including GST, from a domestic steel and alloy manufacturing company for the supply of a Bar Handling System for an Auto-UT Machine.
Following the latest order, the company’s total order book stands at approximately Rs 68.37 crore, including GST.
The order will be executed over a period of 7 months. Under the payment terms, 10% of the basic supply order value will be paid as an advance, while 80% including GST will be released against the Proforma Invoice and factory acceptance testing. The remaining 10% will be paid after successful commissioning of the equipment.
The project involves the supply of a specialised Bar Handling System designed for an Auto-UT Machine, further strengthening Admach Systems’ capabilities in automation and material handling solutions for the steel and alloy manufacturing industry.
Commenting on the development, Ajay Longani, Managing Director & Chairman, Admach Systems, said the order reflects customers’ continued confidence in the company’s engineering capabilities and execution strength. He added that the steady order inflow provides greater visibility for achieving business targets, while the current order book of approximately Rs 68.37 crore supports the company’s focus on timely execution, delivery and long-term value creation.