Mumbai, Oct. 29 -- The company stated that it is unable to disclose the name of the customer due to confidentiality agreements. As per the contract terms, 15% of the order value will be paid in advance, with the balance amount settled on a pro-rata basis. The project is expected to be executed within 60 days from the date of the purchase order.

BMW Ventures clarified that neither its promoters nor any members of the promoter group have any interest in the awarding authority, and the transaction does not qualify as a related-party transaction under applicable regulations.

BMW Ventures is engaged in trading and distribution of steel products, tractor engines, and spare parts, as well as manufacturing PVC pipes, roll forming, pre-engineere...