Kundan Edifice Secures INR 3.30 Cr Order from Havells India Limited for Electrical Supplies
Kundan Edifice Limited has announced the receipt of a purchase order worth INR 3.30 Crore from Havells India Limited. The transaction falls under the normal course of business and signifies the company's continued engagement with the consumer electricals and lighting industry giant, Havells.The newly received orders relate to the supply of several key products by Kundan Edifice to Havells India Limited. These supplies include HV Flex (Rope Lights), LV Flex (Strip Lights), and Rectifier Products.
This business development provides essential visibility for production planning and execution timelines at Kundan Edifice, aligning with its ongoing manufacturing operations and customer delivery commitments. The order is scheduled to be executed within mutually agreed timelines as specified in the purchase order schedule.
The transaction was confirmed to be a domestic sale, and both parties maintained an arm's length basis. Furthermore, the company confirmed that neither the promoter nor any part of the promoter group or its associated companies holds any interest in Havells India Limited, and the order does not constitute a related party transaction.
Key details regarding the order are summarized below:
| Particular | Details |
|---|---|
| Awarding Entity | Havells India Limited |
| Nature of Order | Normal course of business |
| Products Supplied | HV Flex (Rope Lights), LV Flex (Strip Lights), Rectifier Products |
| Order Value | INR 3.30 Cr |
| Transaction Type | Domestic, Arm's length basis |
KEL Stock Price Movement
Kundan Edifice Limited shares today settled flat, closing at ₹79.00. The equity saw a total trading volume of 13,200 shares during the session.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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