Deals6 May 2025, 04:24 pm
Candour Techtex Ltd Receives LOI for Coating & Lamination Plant Collaboration Worth Rs. 20 Crores
AI Summary
Candour Techtex Ltd has announced that it has received a Letter of Intent (LOI) from Faze Three Limited for its Coating & Lamination plant at Malegaon. The collaboration is expected to generate a revenue of approximately Rs. 20 Crores per annum across three programs. The significant terms and conditions of the order are yet to be disclosed.
Key Highlights
- Candour Techtex Ltd has received an LOI from Faze Three Limited for its Coating & Lamination plant at Malegaon.
- The collaboration is expected to generate a revenue of approximately Rs. 20 Crores per annum.
- The LOI is for three programs, details of which are yet to be disclosed.
- Faze Three Limited is a domestic entity that has awarded the order to undertake the Coating & Lamination job process.
- The order does not involve any related party transactions.