BSECompany Update13 Sept 2026 · 13 Sept 2026, 03:19 pm
Order of USD 23663860 (Approximate Rs. 226 Crores) received by the Company in the Normal Course of Business
Patels Airtemp India Ltd · 517417
✦ AI Summary▲ PositiveOrder Win
Patels Airtemp India Ltd has received a Fixed Price Contract/Order amounting to USD 23,663,860 (Approximate Rs. 226 Crores) from Dangote Petroleum Refinery and Petrochemicals, Nigeria, for the supply of Air Cooled Heat Exchanger in the Normal Course of Business.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Patels Airtemp India Ltd - 517417 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
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Ref. No. : PAT/SD/Reg. 30/2026-27/13IX
Date : 13th September, 2026
BSE Limited
Corporate Relation Department
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort,
Mumbai: 400 001
Scrip Code No. 517417 Script Name: PATELSAI ISIN: INE082C01024
Sir/ Madam,
Subject: Order of USD 23,663,860 (Approximate Rs. 226 Crores) received by the
Company in the Normal Course of Business
Ref.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015- General updates
This is to inform you that the Company has received a Fixed Price Contract / Order amounting to USD
23,663,860 (Approximate Rs. 226 Crores) in the Normal Course of Business.
Further, the details as per Para B of Part-A of Schedule-III as required under the Listing Regulations
read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 (as
amended) are enclosed herewith as per Annexure-A.
The aforesaid information will also be hosted on the website of the Company at
https://www.patelsairtemp.com.
You are requested to take the same on your record.
Thanking You,
Yours faithfully,
For Patels Airtemp (India) Limited
Nikhil M. Patel
Company Secretary & Compliance Officer
(Membership No. A6814)
Annexure-A
Disclosure of details pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123
dated July 13, 2023
Sr. No. Particulars Details
Name of the entity awarding the Dangote Petroleum Refinery and Petrochemicals,
order(s)/contract(s) Nigeria
Whether order(s) / contract(s) have been
2. Yes, International Entity
awarded by domestic/ international entity
3. Product Name Air Cooled Heat Exchanger
Significant terms and conditions of Fixed Price Contract / Order – In the Normal
order(s)/contract(s) awarded, in brief Course of Business
Shareholding, if any, in the entity with
5. NIL
whom the agreement is executed
Time period if any, associated with the 12 Months
order(s)/contract(s)
USD 23,663,860 amounting to INR 2,261,318,461
(Rupees Two Hundred Twenty Six Crores Thirteen
Broad commercial consideration or size of
7. Lakhs Eighteen Thousand Four Hundred Sixty One)
the order(s)/contract(s)
(Converted at the rate of 95.56/- Rupee per
Dollar).
Whether the promoter/ promoter group /
group companies have any interest in the
8. entity that awarded the No
order(s)/contract(s)? If yes, nature of
interest and details thereof
Whether the order(s)/contract(s) would fall
9. within related party transactions? If yes, No
whether the same is done at “arm’s length”
10. Any other disclosures Not Applicable