Admach Secures Purchase Order For Steel Industry
The order adds to the company's project pipeline and complements its existing contracts, reinforcing its presence in the steel segment. The company's current order book stands at Rs 762.5 million, including GST. Management indicated the contract will support short term revenue visibility and operational deployment.
Ajay Longani, chairman and managing director, described the order as an affirmation of customer confidence in the company's engineering and execution capabilities and said it underlines opportunities from modernisation and capacity expansion across manufacturing. He indicated the award strengthens the project pipeline and further reinforces the company's position in mission critical sectors.
Incorporated in 2008, Admach Systems Limited is a tech first engineering solutions company specialising in special purpose machinery and advanced industrial systems for sectors including defence, nuclear and atomic energy, aerospace, mining, steel, automobile, food processing and tooling. The company supplies customised solutions and provides after sales services, including maintenance, repair and technical support for its machines. The order fits the firm's strategy of bespoke systems for mission-critical industries.
In financial year 26 the company reported revenue of Rs 689.10 mn, EBITDA of Rs 136.94 mn and profit after tax of Rs 100.13 mn, reflecting its project driven earnings profile. The company noted that certain statements are forward looking and subject to risks and uncertainties that could cause actual results to differ materially. The firm disclaimed any obligation to update forward looking statements to reflect subsequent events.