Walchandnagar Industries Updates On The Order Book
Walchandnagar Industries Limited updates on the orders book:
♦ Received order from VSSC for 8139 End Segments - approx INR 960 million plus escalation - highest ever single order received by WlL from VSSC.
♦ Follow up order from NPClL for additional Hairpin Heat Exchangers - INR 60.8 million.
♦ Company expects to deliver the first two ship-sets of “Offshore Patrol Vessel” gearboxes to Goa Shipyard in Q4FY19
♦ Sales of 115 centrifugal machines in the first nine months of the fiscal year (compared to a total of 84 machines sold in the entire fiscal year 2017-18) - a record in WIL’s history.
♦ On track to complete the Capex program (machines + facilities) at Walchandnagar plant to qualify for tenders to be released in the fleet mode for upcoming indigenous nuclear power plants to be built in India.
♦ EPC: In relation to the primary two existing EPC contracts, there has been positive movement, albeit, at a slower pace
# TNEB Project: WlL is following a policy of ploughing back the retention money received progressively into the completion of the balance sites.
1. Priority-1 works which consisted of 4 sites out of the 12 sites have successfully begun crushing operations.
2. For the Priority-2 works which include 3 sites out the 12 sites, the Company expects the same to be commissioned by Q1 FY20.
3. TENDAHO Project: The Company expects the “deemed completion” status for the Tendaho - phase 1 project by end of this Fiscal year, which is a precursor for getting the “operational acceptance certificate” and related release of retention money.
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- Published On:2019-02-07