Bajaj Steel Industries Limited has received a Letter of Intent (LOI) for a domestic order worth approximately Rs. 35 crore. The contract involves design, engineering, manufacturing, and supply of Main LT Panels, with execution expected within 10 to 12 weeks. Customer details remain confidential.
Bajaj Steel Industries Limited has announced a significant development with the receipt of a Letter of Intent from a domestic customer. While the client’s identity is undisclosed due to commercial considerations, the order underscores Bajaj Steel’s growing presence in the electrical equipment segment.
Key Highlights
-
Supply scope includes Main LT Panels
-
Order value stands at approximately Rs. 35 crore inclusive of taxes
-
Nature of work covers design, engineering, manufacturing, and supply
-
Execution timeline is set at 10 to 12 weeks
-
Customer identity withheld for confidentiality reasons
-
Order awarded by a domestic entity, strengthening local market footprint
This order reinforces Bajaj Steel Industries’ expertise in delivering advanced electrical solutions and highlights its ability to secure high-value contracts in the domestic market. The company’s focus on engineering excellence and timely execution continues to position it as a trusted partner in industrial infrastructure projects.
Sources: Bombay Stock Exchange (BSE), Bajaj Steel Industries Limited corporate announcement