JTL INDUSTRIES SECURES RS 26.74 CRORES ORDER FOR SUPPLY OF G.I. PIPES TO HIMACHAL PRADESH STATE
JTL Industries Limited has secured a significant order from the Himachal Pradesh State Civil Supplies Corporation Limited (HPSCSC). The contract involves supplying G.I. Pipes to various divisions of the Jal Shakti Vibhag in the State of Himachal Pradesh.The one-time domestic order, valued at Rs 26.74 Crores, covers the supply of 3425 Metric Tonnes (MT) of G.I. Pipes to the specified government entity. The contract stipulates a delivery timeline of 60 days from the date the order was issued.
JTL Industries Limited has confirmed that the corporation awarding the order, HPSCSC, is a domestic entity, and the order does not fall under related party transactions.
Key details pertaining to the contract are presented below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Himachal Pradesh State Civil Supplies Corporation Limited (HPSCSC) |
| Nature of Transaction | One-time domestic order |
| Product Supplied | G.I. Pipes |
| Scope of Supply | 3425 MT to Jal Shakti Vibhag divisions in Himachal Pradesh |
| Total Order Amount | Rs 26.74 Crores |
| Execution Timeline | 60 days from the date of supply order |
The company confirmed that neither the promoter nor the promoter group has any interest in the awarding entity, HPSCSC. The contract is therefore structured outside of related party transactions.
JTLIND Stock Price Movement
JTL Industries Limited is shedding value in live trading at 1:03 PM, with shares slipping by 3.5% to stand at ₹71.78. The stock trades within an intraday range of ₹71.02 to ₹75.25 as more than 1.5 million shares change hands.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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