TeamTech Secures ₹9.44 Crore Lloyds Formwork Order from Lloyds; Shares Stay Firm

Mumbai, June 10: TeamTech has received a significant domestic order worth ₹9.44 crore from Lloyds for the supply of formwork. The development was disclosed through an exchange filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the filing, the order qualifies as a significant contract as its value exceeds the prescribed 10% threshold of TeamTech’s previous financial year revenue. The contract relates to supply of formwork and is expected to be executed within 90 days from the purchase order date.

TeamTech said the order falls within the ordinary course of business and will be completed within the stipulated execution timeline.

Stock Market Snapshot

TeamTech share price remained steady in early trade following the order announcement.

According to market data, the stock was trading near the ₹87 level during the morning session on June 10, 2026.

Investors tracked the development as order inflows continue to remain a key indicator for engineering and construction-linked companies operating in industrial supply and infrastructure support segments.

Order Adds To Existing Execution Pipeline

The ₹9.44 crore order is expected to support TeamTech’s near-term revenue visibility over the coming quarter given the relatively short execution cycle.

Formwork systems are widely used across infrastructure, industrial and commercial construction projects, particularly in large-scale civil engineering works requiring concrete support structures.

TeamTech stated that the order has been awarded by a domestic entity and no promoter or promoter group interest exists in the transaction.

As per the filing, the contract also does not fall within related party transactions.

Infrastructure And Construction Demand Remains Active

The latest order reflects ongoing procurement activity in the construction and industrial infrastructure sector, where demand for engineering products and project support systems has remained stable.

Companies engaged in construction materials, industrial systems and project execution continue to benefit from infrastructure spending and expansion across public and private sector projects.

Source:

• https://www.nseindia.com/get-quote/equity/TEAMTECH/Teamtech-Formwork-Solutions-Limited
• https://nsearchives.nseindia.com/corporate/TEAMTECH_09062026180836_Orderannouncement1.pdf