Remsons Group Bags 6-Year Hood Rod Contract Nomination from Global Vehicle OEM
Remsons Industries Limited has announced that its UK step-down subsidiary, Remsons Automotive Ltd., has received a major nomination for a long-term contract with a leading global commercial vehicle original equipment manufacturer (OEM).The contract award is for the supply of a 6-year Hood Rod program, alongside the supply of pedal box components. The production for this significant contract is scheduled to commence in Q1 CY2027.
The nomination carries an estimated lifetime value of approximately ₹30 Crores over the entire program duration, marking another notable contract win for the Remsons Group.
The key details regarding the contract and the entity awarding the order are as follows:
| Particulars | Details |
|---|---|
| Name of Awarding Entity | A leading Global Commercial Vehicle OEM manufacturer. |
| Nature of Order | Supply of Hood Rod. |
| Awarding Territory | International. |
| Order Details | Supply of pedal box, with supply starting from Q1 CY2027. |
| Execution Period | 72 Months (Six-years' period). |
| Total Order Value | ₹30 crores, to be executed over a Six-years' period. |
| Domestic/International | International. |
| Source of Award | The contract is awarded by a Foreign entity. |
| Relationship Status | The order does not fall within related party transactions. |
| Promoter Interest | No interest from the promoter or promoter group. |
REMSONSIND Stock Price Movement
Today, Remsons Industries Limited shares edged higher, settling at ₹99.14, a gain of 2.11% for the session. The stock finished on a total traded volume of 185,555 shares, trading well above its intraday low of ₹98.2.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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