Yogi shares rise over 2% after winning Rs 46.21 crore industrial equipment order
Shares of Yogi Ltd rose over 2% today after the company announced it has secured fresh purchase orders worth approximately ₹46.21 crore from Companion Vinimay Trading Private Limited, boosting investor sentiment.
On Monday, July 21, the company informed exchanges under Regulation 30 of SEBI (LODR) that the orders cover the supply and delivery of a complete set of industrial equipment, including: Structure Assembly
Head Assembly
Rotary Table & Electrical Accessories
Tool Changer & Additional Axis
Other Accessories
According to the filing, the orders were placed by a domestic customer and are expected to be executed within 15 days, under standard quality and delivery terms. Yogi clarified that neither the promoter group nor related parties have any interest in the contracting entity, and the transaction does not qualify as a related party transaction.
Commenting on the development, Managing Director Ghanshyambhai Nanjibhai Patel emphasized the company's commitment to timely execution. The company stated the order, exclusive of taxes, strengthens its industrial equipment segment and is expected to positively impact near-term revenues.
At the time of writing, Yogi Ltd shares were trading at ₹198.90, up 2.39%, on the BSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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