Artson Limited has received a letter of intent from Sadhav Offshore Engineering Pvt. Ltd. for the construction and supply of a floating dry dock. The contract is valued at Rs. 61.54 crore, inclusive of GST, and is structured as a unit rate contract.
According to the company’s disclosure to the Bombay Stock Exchange (BSE), the project is expected to be completed within 11 months. The contract has been awarded by a domestic entity, and no related party transactions or promoter group interests are involved.
This development was disclosed in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.