Rappid Valves Secures Rs 8.55 Crore Order to Supply Components for Indian Navy’s FSS Programme
Rappid Valves (India) Limited has secured an order worth approximately Rupees 8.55 crores from Shree Refrigerators Limited. The contract involves the supply of valves and related components specifically designated for the Fleet Support Ship (FSS) programme of the Indian Navy.The agreement, awarded by the domestic entity Shree Refrigerators Limited, solidifies Rappid Valves' involvement in critical defense infrastructure projects. The order pertains to the supply of necessary specialized equipment required for the FSS program.
Key details regarding the contract are as follows:
| Contract Detail | Specification |
|---|---|
| Client | Shree Refrigerators Limited |
| Project Scope | Supply of valves and related components |
| End Use | Fleet Support Ship (FSS) programme of the Indian Navy |
| Contract Value | Rs 8,55,00,000/- |
| Order Origin | Domestic entity |
| Execution Period | Approximately one year |
The contract specifies that Rappid Valves will supply these components to Shree Refrigerators Limited for the specified naval program. The agreement confirms that the order does not constitute a related party transaction and holds a value of Rs 8,55,00,000/-.
RAPPID Stock Price Movement
Shares of Rapidd Valves (India) Limited are surging as of 3:19 PM, trading at ₹229.40 after jumping 5.23% in live market activity. The equity sees strong interest, with a total traded volume reaching 7,800 shares during the current 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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