East India Drums and Barrels Bags Contract Value of ₹ 83,71,06,987.10 from HPCL
East India Drums and Barrels Manufacturing Limited, which was previously known as Precision Containeurs Limited, has secured a significant Letter of Acceptance (LOA) from Hindustan Petroleum Corporation Limited (HPCL). The contract involves the supply of MS drums, bolstering the company's position as a key industrial supplier.The newly secured contract with HPCL has an aggregate contract value of ₹ 83,71,06,987.10. This amount translates to Rupees Eighty-Three Crore Seventy-One Lakh Six Thousand Nine Hundred Eighty-Seven and Paise Ten only.
The supplies under the contract are slated for delivery to HPCL at both Silvassa and Mazgaon, India.
The company stated that the order further strengthens its long-standing relationship with Hindustan Petroleum Corporation Limited. The successful contract is noted to reflect the company's manufacturing capabilities, commitment to supporting India's energy infrastructure, and adherence to strict quality standards.
The core details of the business transaction are summarized below:
| Detail | Description |
|---|---|
| Client | Hindustan Petroleum Corporation Limited (HPCL) |
| Product Supplied | MS drums |
| Contract Value | ₹ 83,71,06,987.10 |
| Delivery Locations | Silvassa and Mazgaon, India |
Stock Price Movement
As of 14:41, East India Drums and Barrels Manufacturing Ltd. shares are edging higher, climbing 0.51% to trade at ₹108.50. The stock experienced significant movement today, spanning an intraday range from a low of ₹102.86 up to a high of ₹108.50.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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