East India Drums and Barrels Manufacturing Ltd Secures Significant Additional Order from Hindustan Petroleum Corporation Limited
East India Drums and Barrels Manufacturing Ltd has announced the receipt of an additional order for drums from Hindustan Petroleum Corporation Limited (HPCL). This development reinforces the company’s established business relationship with HPCL and speaks to the confidence shown in the company’s manufacturing capabilities and product quality.The additional order pertains to the supply of Drums, with specific details regarding the consignment and value provided:
| Metric | Details |
|---|---|
| Product | Drums |
| Additional Quantity | 93,750 Nos. |
| Additional Order Value | ₹ 8,97,16,875/- |
The additional order significantly increases the company’s overall contract value with HPCL. The total, aggregate value of all orders received from Hindustan Petroleum Corporation Limited now stands at ₹ 92,68,23,862.10.
This contract boost strengthens East India Drums and Barrels Manufacturing Ltd's standing in the sector. The company noted that the transaction reflects HPCL's continued confidence in the firm's timely execution and reliable product quality.
Stock Price Movement
East India Drums and Barrels Manufacturing Ltd shares are ticking lower at ₹115.95 as of 11:43, reflecting a drop of 0.90%. Throughout the day, the stock moved between a high of ₹118.50 and a low of ₹113.00.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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