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Eden Innovations (ASX:EDE) receives second order from India

ASX News, Industrial
ASX:EDE      MCAP $5.517M
09 December 2021 13:55 (AEST)

EdenCrete trials in Georgia, USA. Source: Eden Innovations

Eden Innovations (EDE) has received its second purchase order from Godrej Construction for its EdenCretePz product.

EdenCrete Pz is a liquid carbon nanotube-enriched addition that was created to improve the performance of regular concrete mixtures by using fly ash and/or slag as a replacement for cement.

Godrej’s construction business builds and delivers a range of environmentally sensitive, commercial, industrial and residential buildings in India, that are designed to meet international standards.

The order is for about $92,000 worth of EdenCretePz for use in its ready-mix concrete operation in several cities, including Mumbai and Pune, in the state of Maharashtra.

Notably, this second order is six times larger than the initial order in 2020.

The first order was a testing order, using standard concrete mixers from several cities it operates.

On the market, Eden was up 10.5 per cent and is trading at 2.1 cents per share at 11:22 am AEDT.

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