Gayatri Rubbers and Chemicals Secures Order from Indian Railways for Specialized Components
Gayatri Rubbers And Chemicals Limited has secured purchase orders from Indian Railways for the supply of specialized 'Rubber with Metal' components critical to railway operations. The contract provides a significant boost to the company's order book in the industrial sector.The contract details confirm that the order is domestic and involves the manufacture and supply of the specified high-grade materials to the national railway organization.
Key financial and operational aspects of the agreement are as follows:
| Detail | Description |
|---|---|
| Client | Indian Railways |
| Order Value | INR 4.53 Crores (approx.) |
| Product | Specialized 'Rubber with Metal' components for railways |
| Execution Timeline | Completion is slated by May 28, 2027 |
The contract pertains to the supply of specialized components, which are critical for the functioning of Indian Railways. The company confirmed that neither the promoter group nor its entities hold any interest in the awarding entity, and the order does not fall under related party transactions.
GRCL Stock Price Movement
On Friday, shares of Gayatri Rubbers and Chemicals Limited finished unchanged, settling at ₹517.95. The stock closed exactly matching its prior day's closing value despite market activity.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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