Leo Dryfruits & Spices Trading Ltd Empaneled by IRCTC for VANDU Millet Products
Leo Dryfruits & Spices Trading Limited has secured an empanelment from Indian Railway Catering and Tourism Corporation Limited (IRCTC). The company was granted empanelment under Category A in the "Millet Based Products" segment, specifically for its "VANDU" brand. This development positions Leo Dryfruits & Spices Trading Ltd to participate in the procurement process of IRCTC.The empanelment covers two specific product lines: Vandu Millet Mix (Multigrain/Ragi/Bajri/Jawari - Salty) and Vandu Millet Chikki (Sweet).
Following this empanelment, Leo Dryfruits & Spices Trading Ltd will be eligible to supply these products to IRCTC catering units across India. This includes various train services such as Vande Bharat, Gatimaan, Tejas, Rajdhani, Shatabdi, Duronto, other Mail/Express trains, and static catering units, subject to the terms and conditions of procurement set by IRCTC.
The empanelment is expected to boost the company's market presence and enhance the visibility of its VANDU brand within the Indian Railways catering ecosystem, potentially providing opportunities in future procurement requirements. It is important to note that while the company is now eligible for these contracts, the empanelment does not guarantee a purchase order or minimum business.
Details regarding the award and contract are provided below:
| Particulars | Details |
|---|---|
| Name of Entity Awarding Contract | Indian Railway Catering and Tourism Corporation Limited (IRCTC) |
| Significant Terms and Conditions | Empanelment under Category A in the "Millet Based Products" segment for the VANDU brand. Supplies are subject to IRCTC's process, competitive bidding, and other applicable terms and conditions. The empanelment does not guarantee a purchase order or minimum business. |
| Nature of Contract | Empanelment for supply of millet-based products under the "VANDU" brand. |
| Origin of Order | Domestic Entity |
| Consideration/Size | Not ascertainable at this stage |
| Related Party Interest | No |
Stock Price Movement
As of 12:46, shares of Leo Dryfruits & Spices Trading Ltd are ticking up by 2.06%, trading at ₹52.05.The stock has experienced intraday volatility, ranging between a low of ₹52.00 and a high of ₹52.06.
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.