Ameenji Rubber Secures Purchase Order from North Central Railway Worth Over ₹3.84 Crore
Ameenji Rubber Limited has secured a significant purchase order from the Office of the Principal Chief Materials Manager, North Central Railway. The contract involves the manufacture and supply of Composite Grooved Rubber Pads to the railway authority.The domestic purchase order amounts to Rs. 3,84,10,486.80. This business transaction is set for completion within a strict timeframe, with the entire order expected to be finished within 45 days from the date of the Purchase Order.
Key details of the order have been provided as follows:
| Particulars | Details |
|---|---|
| Entity Awarding the Order | Office of the Principal Chief Materials Manager, North Central Railway |
| Nature of the Order | Purchase Order |
| Brief Details of the Order | Manufacture and supply of Composite Grooved Rubber Pads |
| Total Value of the Order | Rs. 3,84,10,486.80 |
| Timeline for Execution | The first 50% of the ordered quantity must be delivered within 30 days from the Purchase Order date, with the balance 50% due in the subsequent 15 days. The entire order must be completed within 45 days. |
The transaction was confirmed to involve no interest or relationship between Ameenji Rubber Limited and the entity awarding the order, nor does it fall under related party transactions.
Stock Price Movement
Ameenji Rubber Ltd settled at ₹145.00 on Friday, surging 6.03% in post-market trading. The shares moved between an intraday low of ₹136.75 and its closing high of ₹145.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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