BMW Ventures Limited said it has secured two purchase orders totalling Rs 249.83 million (mn) from Lata Projects Limited for the supply of TMT steel FE-550D grade for three units of 800 megawatt (MW) capacity at the USCTPP Adani project. The orders were disclosed to the stock exchanges under Regulation 30 of the SEBI Listing Regulations and carry a contract value inclusive of all taxes.\n\nThe company stated that the orders will be executed within eight weeks from the date of the purchase orders and that the contract provides for 100 per cent advance payment with specified guarantees. The supply pertains to reinforcement bars required for the project and is to be delivered as per contractual schedules agreed with the domestic contractor.\n\nThe disclosure filed with the exchanges identified the buyer as a domestic entity and confirmed that promoters or promoter group companies have no interest in the awarding entity. The transaction does not fall within related party transactions and will be recorded as a normal commercial order in the company’s order book.\n\nThe company’s compliance officer signed the intimation and stated the disclosure will be uploaded to the company website and appended to its filings at the exchanges. The registered office is in Patna and corporate identifiers and contact details appear in the public filing.\n\nThe filing detailed the material terms required under the SEBI listing norms, including the nature of the supply, the time period for execution and the commercial consideration. The company submitted annexure particulars that specify the product grade, the domestic nature of the contracting party and the absence of related party interest. Investors and analysts will use the publicly filed record for verification and the exchange filings will serve as the formal disclosure record.