GTV Engineering Limited has announced that it has received a Letter of Intent (LoI) worth Rs 17.46 crore for the manufacture and supply of mill static parts, including separating wheels and gap-type seals.
According to the company’s filing, the order has been placed by domestic clients for projects at JK CM & Knauf GC and Sagar CM & UTCL CM. The delivery is scheduled to be completed over the next seven months.
The Bhopal-headquartered engineering firm clarified that this is a domestic order, with no related-party transactions involved. The contract falls under the manufacturing category and will be executed as per the terms mentioned in the LoI.
This fresh order is expected to add momentum to GTV Engineering’s business pipeline as it continues to strengthen its presence in the industrial components manufacturing space.
