Mumbai, July 5: Engineering company Jyoti Ltd has secured purchase orders worth approximately ₹9.52 crore (excluding GST) from Megha Engineering & Infrastructures Ltd (MEIL) for the design, manufacture and supply of vertical turbine pumps and high-tension motors for a lift irrigation project in Andhra Pradesh.
The company informed stock exchanges that the order relates to the Mukthyala Lift Irrigation Scheme in Andhra Pradesh.
Under the contract, Jyoti Ltd will design, manufacture and supply six vertical turbine (VT) pumps with a capacity of 1.823 cumecs each and six 2,600 kW high-tension motors, along with mandatory spares.
The company said the order is scheduled to be executed within 24 weeks from the receipt of approved drawings and manufacturing clearance.
As per the order terms, payment will be made through a 100% letter of credit payable within 60 days, against submission of a 10% performance bank guarantee. The contract also includes a 42-month guarantee from the date of supply or 36 months from commissioning, whichever is applicable.
Megha Engineering & Infrastructures Ltd is one of India’s leading engineering, procurement and construction (EPC) companies, with a significant presence in irrigation, water supply, power, hydrocarbons and transportation infrastructure projects.
The latest order adds to Jyoti Ltd’s order book in the water infrastructure segment, where the company manufactures pumps, hydro turbines and rotating electrical equipment for irrigation, water supply and industrial applications.