The project is for a period of 5 years from the date of acceptance i.e., April 25, 2022.
It includes Group A - For CBR Project (Home Office & Site Office)] / Group B, -For Manali Refinery and Group C - For Manali Refinery (Finance).
The Company has received a contract of Rs39.60 crore excluding GST for deploying Human Resources.
None of the promoter/promoter group companies have any interest in Chennai Petroleum Corporation Limited (CPCL) that awarded the aforesaid work order. The work order does not fall within related party transactions.
Aarvi’s stock was trading 4.37% higher at Rs116.95 against its previous close of 112.05 on NSE. It opened at Rs116.80 and touched a high of Rs117.05 so far.
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