Deals10 Apr 2024, 09:03 pm
Cupid LTD Signs Commercial Agreement Worth INR 23.07 Crore for Female Condom Supplies in Brazil
AI Summary
Cupid LTD has announced the signing of a commercial agreement worth INR 23.07 Crore (approx. US$ 2.773 Million) to supply 5.9 Million pieces of Female Condoms (FC) in Brazil. Production of the first tranche of 2.1 Million FC pieces will commence soon, with the full order expected to be supplied by Q2FY25. Cupid LTD Managing Director, Aditya Kumar Halwasiya, expressed optimism about the company's prospects for FY25 with this order amidst incremental orders and growth.
Key Highlights
- Cupid LTD signs commercial agreement for female condom supplies in Brazil worth INR 23.07 Crore.
- First tranche production of 2.1 Million pieces to begin soon.
- Full order should be supplied by Q2FY25.
- Aditya Kumar Halwasiya expresses optimism for company growth in FY25.