Synopsis: TeamTech Formwork Solutions Limited has received a Rs. 9.44 crore order from Lloyds for the supply of formwork systems. The contract is to be executed within 90 days and exceeds 10 percent of the company’s previous year’s revenue, making it a significant order for the company.
Shares of TeamTech Formwork Solutions Limited are likely to remain in focus after the company announced that it has received a significant order from Lloyds for the supply of formwork systems.
TeamTech Formwork Solutions Limited has a total market capitalization of approximately Rs. 256.29 crore. The company’s shares were trading at Rs. 85.50 apiece on the stock exchange, up by 8.30 percent during the session. The stock has surged around 17.36 percent over the last five trading sessions, reflecting a positive performance. The stock touched a 52-week high of Rs. 88.75 and a 52-week low of Rs. 68.25. The stock remains under investor watch due to its presence in the growing construction and infrastructure support solutions segment.
According to the company’s exchange filing, the order has been awarded by Lloyds, a domestic entity, and involves the supply of formwork systems. The total order value stands at Rs. 9.44 crore and is scheduled to be executed within 90 days from the date of the purchase order.
The company highlighted that the order qualifies as a significant contract as its value exceeds 10 percent of the company’s revenue reported in the previous financial year. Such orders are considered important milestones as they provide revenue visibility and strengthen the company’s order book.
Formwork systems play a critical role in modern construction by providing temporary molds and support structures used for casting concrete in buildings, industrial facilities, bridges, and infrastructure projects. Increasing adoption of modular and engineered formwork solutions has been driven by the need for faster project execution, improved safety standards, and reduced construction costs.
The latest order is expected to support TeamTech’s revenue growth in the coming quarters and further strengthen its relationship with large infrastructure and industrial clients. The company clarified that neither the promoter group nor related parties have any interest in the awarding entity, and the transaction does not fall under related-party transactions.
India’s construction and infrastructure sector continues to benefit from rising investments in industrial projects, commercial real estate, transportation infrastructure, and urban development initiatives. This has created growing demand for advanced formwork and construction support systems across the country.
Incorporated in November 2018, TeamTech Formwork Solutions Limited operates on a business-to-business model and is engaged in the manufacturing, refurbishing, and rental of modular formwork and customized formwork systems for the construction industry. The company caters to infrastructure developers, real estate projects, and industrial construction requirements through engineered formwork solutions.
The new Rs. 9.44 crore order from Lloyds is expected to contribute meaningfully to the company’s near-term revenues while reinforcing its position in India’s expanding construction support and formwork solutions market.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
