Artson Ltd has secured a new purchase order valued at Rs 7.17 crore from L&T - MHI Power Boilers Private Limited. The contract covers the supply of 24 vessels for three boilers at the NTPC Nabinagar project. The supply is scheduled for delivery in phases throughout 2027.
Artson Ltd Secures Rs 7.17 Crore Order for NTPC Nabinagar Project
Order Value: Rs 7.17 crore (excluding taxes).
Project Scope: Supply of 24 vessels for three boiler units.
Reader Takeaway: New order bolsters Artson’s order book; delivery timeline extends into 2027 requiring disciplined execution.
What just happened
Artson Ltd announced a new contract win from L&T - MHI Power Boilers Private Limited. The company will supply 24 vessels for boiler units 4, 5, and 6 at the NTPC Nabinagar project site. The company confirmed that this is an item-rate order and is not a related party transaction, ensuring standard commercial terms.
Why this matters
Securing business from a key industry player like L&T - MHI reinforces the company's position in the power infrastructure supply chain. This project provides visible revenue generation opportunities across three distinct delivery milestones, assisting in operational planning for the coming years.
Project Execution Timeline
The supplies are scheduled according to a clear phased roadmap:
- Unit 4: Completion by February 10, 2027
- Unit 5: Completion by May 10, 2027
- Unit 6: Completion by August 10, 2027
What to track next
Investors should monitor the company's ability to maintain these delivery timelines. As the project execution progresses, shareholders should watch for updates on revenue recognition during the scheduled dates in 2027.