Srivasavi Adhesive Tapes Secures Significant Export Order from US Customer
Srivasavi Adhesive Tapes Limited has secured a major export order for its technical adhesive tapes from a customer in the United States, boosting international business prospects.The order details reveal that the contract involves supplying technical adhesive tape to an International Entity. The total value of this significant order is reported at 77,880.60 USD (equivalent to approximately Rs. 74,27,590 excluding applicable tax).
This transaction represents a key international win for the company in the adhesives sector. No interest exists from the promoter or promoter group companies in the awarding entity, and the order is not classified as a related party transaction.
Key details of the contract are presented below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | USA Customer |
| Nature of Product | Technical adhesive tape |
| Transaction Type | International Entity |
| Consideration / Size of Order | 77,880.60 USD (Indian Rs. 74,27,590 Approx excluding applicable tax) |
| Execution Period | As per agreement |
SRIVASAVI Stock Price Movement
As of 12:28 PM, shares of Srivasavi Adhesive Tapes Limited are shedding value by 1.80% in live trading, with the stock currently measured at ₹84.50. The company has recorded a total volume of 16,000 shares as it trades down from the previous close of ₹86.05.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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