Kundan Edifice Limited Secures INR 1.10 Cr Order from Orient Electric Limited
Kundan Edifice Limited has received a purchase order totaling INR 1.10 Crore from Orient Electric Limited. This contract marks the continuation of the business relationship between the two companies and reinforces Kundan Edifice Limited's presence in the lighting segment.The order, which is part of the normal course of business, involves supplying various products to Orient Electric Limited. These supplies include HV Flex (Rope Lights), LV Flex (Strip Lights), and Rectifier Products. The transaction falls under domestic trade.
The agreement was formalized with Orient Electric Limited, a domestic entity. While the specific execution period is defined by mutually agreed timelines detailed in the purchase order schedule, the financial size of the order stands at INR 1.10 Crore.
Key details regarding this significant contract are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Orient Electric Limited |
| Nature of Order | Normal course of business |
| Products Covered | HV Flex (Rope Lights), LV Flex (Strip Lights), Rectifier Products |
| Transaction Size | INR 1.10 Cr. |
| Promoter Interest | No interest by the promoter or group companies in Orient Electric Limited |
| Related Party Status | The transaction is not a related party transaction |
The receipt of this order enhances Kundan Edifice Limited's production planning and operational execution capabilities, demonstrating the sustained acceptance of its products by established industry participants.
KEL Stock Price Movement
Shares of Kundan Edifice Limited slipped slightly in today's trading session, shedding 0.06% to close at ₹81.45. The stock moved amid a traded volume of 1,200 shares for 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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