The contract has been awarded by a domestic entity and will be executed as per the terms specified in the purchase order. Atmastco clarified that neither its promoter nor promoter group companies have any interest in the awarding entity, and the transaction does not fall under related-party transactions.

Atmastco is engaged in engineering, fabrication, erection and commissioning activities, along with trading of steel and industrial products.

Shares of Atmastco shed 0.96% to close at Rs 175 on the BSE.