TCM Limited received the following work order, DT. March 10, 2023 from Agency for New and Renewable Energy Research and Technology (ANERT), Department of Power, Government of Kerala for the Design, Supply, Installation and Commissioning of Grid connected SPV Power Plants in Public Buildings at Thiruvananthapuram under Solar City Project. Significant terms and conditions of order(s) awarded in brief: A tripartite agreement has to be executed within 7 days of receipt of the work order for fulfillment of the contract along with a security deposit of INR 221,910 being 3% of contract value of INR 7,397,000.

100-200 kw work is to be completed within 45 days. Upon delivery of major components at the respective sites, 60% of contract value will be released, on completion of installation and testing of the plant, 20% of contract value will be release as second part. On commissioning, 10% of remaining contract will be released.

Final 10% will be retained as performance security and will be released upon completion of the term. 3% security deposit will be released on completion of supply, installation and commissioning. Ten years warranty should be provided by supplier for the system and components or parts.

Broad consideration or size of the order(s)/contract(s): 130 kW work order INR 7,397,000. Site of Installation- Sree Chitra Tirunal Medical & Research Centre, BMT Wing, Poojappuram, Thiruvananthapuram. Total 130 kW at one location INR 7,397,000.