Anlon Secures Rs 97.02 Lakh Contract with Lucknow International Airport
Anlon secures a Rs. 97.02 lakh contract with Lucknow International Airport, covering custom clearance in 2025, five years of DLP warranty services, and subsequent five years of annual maintenance.
by Damodharan N
Updated Jul 13, 2024
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Table of Content
Anlon, a leading service provider, has announced the acquisition of a significant order from Lucknow International Airport Limited. The company disclosed this development in accordance with Regulation 30 of the Securities Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.
The contract, valued at Rs. 97.02 lakhs (excluding GST), encompasses several key services:
- Custom clearance
- DLP warranty services for the first five years
- Annual maintenance services for the subsequent five years
- Local transportation of CFT (Crash Fire Tender) deliveries
Execution of the contract is planned as follows:
- Custom clearance during vehicle delivery in 2025.
- Maintenance during the DLP warranty period, five years from the start date of successful commissioning of CFT.
- Annual maintenance (AMC) post-warranty period, five years from the completion of the DLP warranty period.
- Local transportation of CFT deliveries for three Crash Fire Tender works.
Anlon's management confirmed that neither the promoters nor the promoter group have any interest in Lucknow International Airport Limited, ensuring that this order does not fall within related party transactions. The company is pleased to secure this domestic contract, further solidifying its reputation in the industry.
Read the full announcement Here
Market Reaction
The market's response to the announcement has been stable. On July 12, 2024, the stock opened at ₹540.00, peaked at ₹545.00, and closed at ₹535.00, with a trading volume of 6,800 shares and a total value of ₹36,43,120.00 over 17 trades.
This stable trading activity indicates a moderate investor confidence in the company’s future prospects following the contract win.
Know the share price on NSE Here
Anlon Technology Solutions
Anlon Technology Solutions Limited (ATS) aims to provide top-quality life-saving and lifecycle support for high-end infrastructural projects. With its head office in Vasai and branch offices in Bangalore, Delhi, and Mumbai.
ATS specializes in forming strategic partnerships with international manufacturers to deliver value-added services across various sectors such as Aviation, Transport, Energy, Mines, and IT. The company boasts a team of highly qualified, factory-trained engineers who offer prompt services and support nationwide.
ATS is committed to developing expertise in defining customer requirements, coordinating technical interactions, and ensuring successful project execution through comprehensive maintenance contracts.
Anlon Secures Rs 97.02 Lakh Contract with Lucknow International Airport - FAQs
1. What is the value of the contract awarded to Anlon by Lucknow International Airport Limited?
The contract is valued at Rs. 97.02 lakhs (excluding GST).
2. What services are included in the contract between Anlon and Lucknow International Airport Limited?
The services include custom clearance, DLP warranty services for the first five years, annual maintenance services for the subsequent five years, and local transportation of CFT deliveries.
3. When is the custom clearance for the CFT deliveries expected to be completed?
The custom clearance is expected to be completed during the vehicle delivery in 2025.
4. How long is the DLP warranty period included in the contract?
The DLP warranty period included in the contract is five years from the start date of the successful commissioning of the CFT.
5. What does the annual maintenance service entail in this contract?
The annual maintenance service (AMC) covers the maintenance of the CFT for five years following the completion of the DLP warranty period.
6. Is there any interest of the promoters or promoter group in Lucknow International Airport Limited?
No, neither the promoters nor the promoter group have any interest in Lucknow International Airport Limited.
7. Does this contract fall under related party transactions?
No, the contract does not fall within related party transactions.
8. How did the market react to the announcement of the contract?
The market response was stable, with the stock closing at ₹535.00 on July 12, 2024, and a trading volume of 6,800 shares.
9. What is the role of Anlon Technology Solutions in the aviation sector?
Anlon Technology Solutions provides top-quality life-saving and lifecycle support for high-end infrastructural projects, including services related to aviation.
10. What are the strategic goals of Anlon Technology Solutions?
Anlon aims to form strategic partnerships with reputed international manufacturers and service providers to offer value-added services in sectors like aviation, transport, energy, mines, and IT.
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