Rappid Valves Secures Order worth Rs 18 Crore from BHEL for Indian Navy Project
Rappid Valves (India) Limited has secured a contract valued at approximately Rupees 18.05 crores excluding taxes from Bharat Heavy Electricals Limited (BHEL). The order pertains to the supply of valves and components intended for an important Indian Navy project.The significant domestic order involves supplying specialized valves and components required for the Indian Navy's 5 Fleet Support Ships Programme. BHEL, as the entity awarding the contract, is confirmed as a domestic entity.
According to the contract details, the execution period for this large order spans multiple timelines. The work for three of the ships is scheduled to be completed within approximately one year. The remaining two ships are due by FY 2027-28.
The deal holds no related party transaction status, and there is no reported interest from the promoter group in BHEL regarding this contract.
Key details of the contract awarded by Bharat Heavy Electricals Limited to Rappid Valves (India) Limited are summarized below:
| Detail | Specification |
|---|---|
| Awarding Entity | Bharat Heavy Electricals Limited (BHEL) |
| Order Nature | Supply of valves and components for Indian Navy's 5 Fleet Support Ships Programme |
| Domestic/International | Domestic |
| Order Value | Rs. 18,05,76,000/- excluding taxes |
| Time Period | Approximately one year for three ships; other two ships by FY 2027-28 |
RAPPID Stock Price Movement
Rapidd Valves (India) Limited shares are surging to ₹249 as of 10:25 AM, climbing 8.21% in live trading after gaining ₹18.90. The stock currently trades within an intraday range spanning from the low of ₹240 to a high of ₹249.9.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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