Signet Bags Order From L&T Worth INR 812.5 Million
Signet Industries Limited has announced that it has won order worth INR 812.5 million from Larsen & Tubro for its AMRUT yojana project in Indore.
Majority of the volume has been awarded to Signet Industries Limited as a single largest order looking at the historical performance of Signet Industries limited for delivering quality products in several infrastructure and irrigation projects across the country. Pressure pipes are made from PE100 grade of High-density polyethylene. There are about 15-20 quality manufacturers who can supply large diameter pipes in such project works. Signet Industries has a long history of dealing in polymers and has become a preferred supplier of various products in micro-irrigation and infrastructure projects. The company has a large capacity for producing such products and the order book is significantly large.
Commenting on the order Mr.Saurabh Sangla, Executive Director, Signet Industries Ltd said “We are very glad to announce the winning of this prestigious order of INR 812.5 million from Larsen & Toubro. The said order will boost the revenues thereby resulting in increased capacity utilization. It will support the Company to strengthen and reaffirm Signet’s leadership position in this sector. These orders are expected to be executed in the next 9 months. ”
About AMRUT Yojana: It is an urban transformation scheme to establish an infrastructure that could ensure adequate robust sewerage networks and water supply. The Union Urban Development Ministry has approved more than INR 30000 million for boosting urban infrastructure in 102 cities across five states.
- Issued By:LARSEN AND TOUBRO LIMITED
- Bagged By:
- Region:Western India
- State:Madhya Pradesh
- Value:INR 812.5 Million
- Published On:2018-03-19