Krishna Defence Wins Rs 45.64 Crore Order for Supplying Special Steel Products to Ministry of Defence
Krishna Defence and Allied Industries Limited has secured a significant order valued at Rs 45.64 Crore from the Ministry of Defence. The contract involves the supply of specialized steel products designated for a shipbuilding project by the Ministry of Defence.The company won the order through a domestic entity, with the procurement focused on the supply of special steel products. This substantial contract award has been secured for Krishna Defence and Allied Industries Limited.
Details regarding the contracted project reveal that the delivery of the special steel products is scheduled to be executed within a period of eight months. The total consideration for the order stands at Rs 45.64 Crore, which includes all applicable taxes.
No interest exists from the promoter or the promoter group companies in the entity awarding the contract. Furthermore, the order does not fall under related party transactions.
KRISHNADEF Stock Price Movement
Today, shares of Krishna Defence And Allied Industries Limited edged higher in the closed market, settling at ₹1227.6 after rallying 1.1%. The stock saw a volume of 74,637 shares traded today as it moved within its daily range.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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