New Orders Boost Chiraharit's Order Book

Chiraharit Limited has announced two significant wins, enhancing its order pipeline. The company has secured a new Purchase Order (PO) valued at ₹9.54 crore from ICOMM Tele Limited. This contract is for the supply of pipe & fittings and Mechanical, Civil, and Services (MCS), with execution expected within 10 weeks.

In parallel, a previously issued Letter of Acceptance (LOA) from Greenko for ₹10.29 crore has now been formally converted into a Purchase Order/Work Order. These combined contracts significantly strengthen Chiraharit's order book and revenue visibility for the coming quarters.

New Contracts Detailed

The order from ICOMM Tele Limited, valued at ₹9.54 crore (excluding GST), requires Chiraharit to supply pipe & fittings and related MCS services. The execution timeline is set at a tight 10 weeks, demanding efficient project delivery.

Additionally, the ₹10.29 crore LOA from Greenko has officially become a PO/Work Order, confirming a substantial project for the company.

Significance of the New Orders

These new contracts are vital for Chiraharit's ongoing revenue growth. Successfully completing these projects within the specified timelines will highlight the company's operational capabilities and reinforce its standing in the Engineering, Procurement, and Construction (EPC) sector.

About Chiraharit Limited

Chiraharit, part of the Malaxmi Group, is an EPC provider focused on water, renewable energy, and civil projects. The company completed its Initial Public Offering (IPO) in October 2025, raising ₹31.07 crore. As of August 2025, Chiraharit reported an order book of ₹51.38 crore. The company has previously secured orders from major clients, including Greenko for module cleaning systems and from Sterling and Wilson Renewable Energy and Larsen & Toubro.

What This Means for Chiraharit

The addition of these new orders significantly boosts Chiraharit's order book, improving revenue projections for upcoming periods.

The ₹9.54 crore ICOMM Tele order necessitates sharp focus on supply chain and rapid project execution within its 10-week deadline.

The conversion of the ₹10.29 crore Greenko LOA into a firm PO confirms a significant part of its project pipeline.

These expanded activities are expected to positively influence operational performance and future financial results.

Key Risks to Monitor

• Execution: The 10-week timeframe for the ICOMM Tele order is challenging and demands precise execution.
• Counterparty Performance: The company's performance and payment terms with ICOMM Tele and Greenko remain crucial factors.

Industry Context

Chiraharit operates within the competitive EPC sector for infrastructure and renewable energy projects. Competitors include companies like Sterling and Wilson Renewable Energy, which also secures large contracts for solar projects. Greenko Group, a leading player in India's renewable energy sector with over 13 GW operational capacity, represents the type of large client Chiraharit aims to serve.

Order Book Snapshot

As of August 2025, Chiraharit's order book stood at ₹51.38 crore.

What to Watch For

• Chiraharit's ability to execute the ₹9.54 crore ICOMM Tele order within the 10-week window.
• Progress and execution updates on the ₹10.29 crore Greenko PO/Work Order.
• Future order wins to gauge sustained growth momentum.
• Upcoming quarterly financial results for insights into the impact of these new contracts.