Latest news and order book updates for : Newgen, Refex, … on : 31 Dec 2024

Corporate announcements are official statements released by companies to inform stakeholders about significant events, decisions, or changes within the organization. These announcements can encompass a wide range of topics, including mergers and acquisitions, financial results, dividend declarations, leadership changes, and strategic initiatives. Timely dissemination of information allows investors to assess a company’s performance and prospects, contributing to more accurate stock valuations and efficient capital markets. Announcements keep employees, customers, and partners informed about the company’s direction and developments, fostering engagement and loyalty.

Company		Headline	Issuer Entity	Issuer Type	Order Size	Time Period
	Newgen-Software-Technologies-Ltd	We hereby inform you that Company has accepted the Award Letter from the customer for the provisions of Credit Automation services.	Not mentioned in the provided text	International	USD 1,643,256	5 Years
	Newgen-Software-Technologies-Ltd	We hereby inform you that Newgen Software Technologies Pte. Ltd.(wholly owned subsidiary incorporated in Singapore) has received an intent from a customer to engage aforesaid subsidiary for the knowledge and Records Management System(KRMS).	Name of the entity awarding the order not provided in the given context	International	SGD 17,47,298/-	4.5 years
	Newgen-Software-Technologies-Ltd	We hereby inform that Company has received and accepted Purchase Order from a customer for the Newgen Remittance system-License cost.		Domestic	INR 208,978,000.00	1 year
	Refex-Industries-Limited	The Company has received Orders dated December 24 & 27, 2024 issued by the Office of Deputy Commissioner, Commercial Taxes Department, Circle-B, EW-II, Jaipur, Rajasthan for the FY 2017-18 to FY 2021-22 for a Tax Demand.	Office of Deputy Commissioner, Commercial Taxes Department, Circle-B, EW-II, Jaipur, Rajasthan	Domestic	10,38,63,537	Prescribed time period
	Dmr-Hydroengineering-&-Infrastructures-Ltd	Intimation of receipt of letter of award	Welspun Michigan Engineers Limited	Domestic entity	Rs. 9 Crore (Rupees Nine Crore only) plus applicable taxes only	93 months
	Indo-Tech-Transformers-Ltd.		Not specified	Domestic	INR 117.17 Crores plus applicable taxes	As per month-wise delivery schedule Last delivery shall be in Dec 2025
	Modern-Engineering-And-Projects-Ltd	Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulation”) we hereby inform you that the company has received a Work Order of Rs. 157,46,32,320/- (Rupees One Hundred and Fifty Seven Crores forty Six Lakhs Thirty two Thousand three Hundred and Twenty Only) excluding GST from Square Port Shipyard Private Limited for construction of Slipway, Transfer Bay, Repair Bay and Extension of Jetty at Dhabol.	SquarePort Shipyard Private Limited	Domestic	Rs.157,46,32,320/-	Within 9 months from the date of Work Order
	Mazagon-Dock-Shipbuilders-Ltd	This to inform that, Ministry of Defence has signed a contract with MDL for INR 1990 crores on 30.12.2024 for construction of Air Independent Propulsion Plug for DRDO-AIP system & its integration into conventional submarines to enhance their endurance.	Acquisition Wing of MoD	Domestic	1990 crores	TO + 42 months
	W.s.industries-(india)-Ltd.	Receipt of order	M/s.CMK Projects Private Limited	Domestic	Rs. 86.26 Crores (inclusive of GST)	4 Months
	Promax-Power-Ltd	We are delighted to annnounce that Promax Power Limited has secured a significant order for the supply, erection, testing & commissioning of 132/33 KV Sub-stations and associated 132 KV Bays. The total awarded project value stands approximately INR 55.43 crores.			55.43 Crores	31 Dec 2024
	Indo-Tech-Transformers-Ltd.		LOA	Domestic	INR 32.32 Crores plus applicable taxes	2 Nos in November 2025 and 1 No in December 2025

Newgen-Software-Technologies-Ltd

Newgen Software Technologies Limited has received an order for the Provision of Credit Automation services valued at USD 1,643,256 from an international entity with a 5-year execution period. This transaction is not a related party transaction as per the Companies Act, 2013.

Newgen-Software-Technologies-Ltd

Newgen Software Technologies Pte. Ltd. (a wholly owned subsidiary of Newgen Software Technologies Limited) has received an intent from a customer to engage the subsidiary for the Knowledge and Records Management System (KRMS). The aggregate value of the project purchase order is SGD 17,47,298/-. The order is awarded by an international entity and is to be executed within a time period of 4.5 years.

Newgen-Software-Technologies-Ltd

Newgen Software Technologies Limited has received and accepted a purchase order from a domestic customer for the Newgen Remittance system- License cost. The value of the order is INR 208,978,000.00 (inclusive of applicable taxes). The order is to be executed within 1 year. The transaction does not fall within the definition of a related party transaction as specified under the Companies Act, 2013.

Refex-Industries-Limited

The Company has received Orders dated December 24 & 27, 2024 issued by the Office of Deputy Commissioner, Commercial Taxes Department, Circle-B, EW-II, Jaipur, Rajasthan for the FY 2017-18 to FY 2021-22 for a Tax demand, Interest and Penalty aggregating to a total demand of Rs.10,38,63,537, as per the following details:

Year Tax Interest Penalty Date of order Date of receipt
2017-18 16,428,972 19,714,770 16,428,972 24-12-2024 24-12-2024
2018-19 688,163 701,927 688,163 27-12-2024 27-12-2024
2019-20 3,258,491 2,737,133 3,258,491 27-12-2024 27-12-2024
2020-21 14,734,358 9,724,653 14,734,358 27-12-2024 27-12-2024
2021-22 296,833 171,420 296,833 27-12-2024 27-12-2024
Total 35,406,817 33,049,903 35,406,817

Based on our assessment, we believe that the said demand is not maintainable, and the Company is in the process of preferring an appeal against the said Orders. The Orders has no material impact on the financials, operations or other activities of the Company.

Dmr-Hydroengineering-&-Infrastructures-Ltd

DMR Hydroengineering & Infrastructures Limited has received a letter of award for Consultancy Services of Detailed Design and Engineering and PMC work of Tertiary Treated Water Conveyance Tunnel from Dharavi WWTF to Ghatkopar WWTF (DGT). The contract period of the work is 93 months for an aggregate amount of Rs. 9 Crore (Rupees Nine Crore only) plus applicable taxes only.

Indo-Tech-Transformers-Ltd.

Indo-Tech Transformers Limited has received Letter of Intent (LOI)/ Purchase Order (PO) dated 31.12.2024 for supply of 13 Nos of 150 MVA transformers. The aggregate value of the order under the said LOI/ PO is INR 117.17 Crores plus applicable taxes. The order is considered as material event by the company as the order value is significant compared to the transactions in the ordinary course of business.

Modern-Engineering-And-Projects-Ltd

Modern Engineering and Projects Limited has received a Work Order from SquarePort Shipyard Private Limited for the construction of Slipway, Transfer Bay, Repair Bay, and Extension of Jetty at Dhabol. The order is valued at Rs. 157,46,32,320/- excluding GST and is to be executed within 9 months from the date of the Work Order.

Mazagon-Dock-Shipbuilders-Ltd

Mazagon Dock Shipbuilders Limited (MDL) signed a contract with the Ministry of Defence (MoD) for the construction of Air Independent Propulsion Plug for DRDO-AIP system and its integration into conventional submarines to enhance their endurance. The contract is worth approximately INR 1990 crores and is expected to be completed within TO + 42 months from the date of release of advance payment by the Buyer to the Seller.

W.s.industries-(india)-Ltd.

The company has bagged an order for construction of additional works and balance works at Integrated Bus Terminal and Multi-Utility Facility Centre at Panjappur in Tiruchirappalli City Corporation, Tamil Nadu. The order is valued at approximately Rs. 86.26 Crores. The order has been awarded by a domestic entity, M/s. CMK Projects Private Limited. The order is to be executed within a time period of 4 months. The order falls within related party transactions as Mr. C.K Venkatachalam and Mr. C.K Balasubramaniam, who are directors of the company, also have interest in CMK Projects Pvt. Ltd.

Promax-Power-Ltd

Promax Power Limited has secured a significant order for the Supply, Erection, Testing & Commissioning of 132/33 kV Sub-stations and associated 132 kV Bays. The total awarded project value stands at approximately INR 55.43 Crores. This prestigious order reinforces our expertise in executing complex substation projects and highlights our continued commitment to excellence, innovation, and timely delivery.

Indo-Tech-Transformers-Ltd.

Indo-Tech Transformers Limited has received a Letter of Award (LOA) dated 30.12.2024 for supply of 3 Nos of 192 MVA transformers. The aggregate value of the order under the said LOA is INR 32.32 Crores plus applicable taxes. The order is to be executed by November 2025 and December 2025. The order is considered as material event by the company as the order value is significant compared to the transactions in the ordinary course of business.

Join our telegram for more updates

Stay Updated with Our YouTube Videos