STOCKWATCH
·
Industrial Products
Deals18 Oct 2024, 11:35 pm

Hind Rectifiers Secures Rs. 73 Crores Order from Indian Railways, Boosting Total Pending Orders to Rs. 903 Crores

AI Summary

Hind Rectifiers Limited has announced that it has secured an order from Indian Railways worth approximately Rs. 73 crores. This order is part of the Supply Order FY 2025-26. With this new order, the company's total pending orders now stand at approximately Rs. 903 crores as of October 18, 2024, which is the highest in the company's history. The order was awarded by a domestic entity and the terms and conditions align with those set by the Railway. There is no interest from the promoter/promoter group/group companies in the entity that awarded the order, and the order does not fall under related party transactions.

Key Highlights

  • Hind Rectifiers secures Rs. 73 crores order from Indian Railways
  • Order is part of the Supply Order FY 2025-26
  • Total pending orders now at Rs. 903 crores, a company record
  • Order awarded by a domestic entity
  • No related party transactions involved
HIRECT
Industrial Products
HIND RECTIFIERS LTD.

Price Impact