Award15 Jul 2026, 07:20 pm
Lokesh Machines Secures ₹58.2 Cr Defence Order
AI Summary
Lokesh Machines Ltd has announced the receipt of a significant order worth ₹58,20,89,421/- (inclusive of all duties and taxes) from the Integrated Headquarters of the Ministry of Defence (Army), Government of India. The order is for the supply of MOD kits for 7.62MM Medium Machine Guns. This substantial order underscores the company's role in supplying critical components to the defense sector. The disclosure was made in compliance with SEBI regulations, with the event occurring on July 15, 2026, at 12:45 PM IST. The company has confirmed no promoter interest in the awarding entity and that the transaction is not a related party transaction.
Key Highlights
- Received a major order worth ₹58.2 Cr from Ministry of Defence (Army).
- Order is for supply of MOD kits for 7.62MM Medium Machine Guns.
- Confirms domestic nature of the supply order.
- No promoter interest in the awarding entity.
- Transaction is not a related party transaction.
Price Impact
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