Krishna Defence Bags Order from Ministry of Defence for Supply of Special Steel Products
Krishna Defence and Allied Industries Limited has secured a contract valued at approximately Rs. 20.00 Crore from the Ministry of Defence for the supply of special steel products. This significant order win positions the company in the defense sector, reflecting its engineering capabilities in specialized materials production.The contract pertains to the supply of Special Steel Products and was awarded by the Ministry of Defence, a domestic entity. The total value of the order is approximately Rs. 20.00 Crore, inclusive of taxes.
Krishna Defence and Allied Industries Limited has confirmed that there are no related party transactions involved in this agreement and holds no interest in the awarding entity.
The scheduled execution period for the contract spans up to 19 months.
Key details of the order awarded by the Ministry of Defence are summarized below:
| Aspect | Details |
|---|---|
| Awarding Entity | Ministry of Defence |
| Nature of Contract | Supply of Special Steel Products |
| Contract Value | 20.00 Approx Crore |
| Execution Period | Within a period of 19 months |
| Related Party Status | No interest/No related party transaction |
KRISHNADEF Stock Price Movement
Krishna Defence And Allied Industries Limited settled higher on Friday, with shares climbing to ₹1210.00 after gaining 1.59%.The stock finished the session amidst robust activity, trading 72,051 shares during the day.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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