Stanley Lifestyles Limited secures order worth ₹ 7,96,613 from ISRO for VIP room furniture supply
Stanley Lifestyles Limited has secured a significant domestic order from ISRO (Indian Space Research Organisation) for the supply of specialized furniture products. The contract, totaling ₹ 7,96,613 inclusive of GST and delivery charges, covers requirements for VIP living rooms and VIP bedrooms at ISRO facilities.The order was placed through the company's Stanley Boutique in Lower Parel. ISRO awarded the contract to Stanley Lifestyles Limited for supplying various items, including sofas, tables, beds, bedside tables, and puffees designed for high-level residential use within the designated VIP areas.
The order falls under domestic procurement, with a stipulated execution period ranging from 45 to 60 days.
Key financial details of the contract are as follows:
| Category | Details |
|---|---|
| Customer | ISRO (Indian Space Research Organisation) |
| Total Order Value | ₹ 7,96,613 (inclusive of GST and delivery charges) |
| Living Room Requirement Value | ₹ 3,48,280 |
| Bedroom Requirement Value | ₹ 4,48,333 |
Payment terms for these made-to-order items are structured with a 75% advance payment required from ISRO, with the remaining balance of 25% due before delivery. The transaction is noted as not involving related party transactions and was awarded by a domestic entity.
STANLEY Stock Price Movement
Shares of Stanley Lifestyles Limited are edging higher to ₹149.88 as of 10:37 AM today, having gained ₹4.29 or 2.95% in live trading. The stock sees steady momentum, with 239,554 shares traded so far this morning.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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