Deals3 Sept 2024, 05:15 pm
Orissa Bengal Carrier Ltd Enters into Contract with Sunflag Iron & Steel Co. Limited for Bulk Transportation
AI Summary
Orissa Bengal Carrier Ltd has announced entering into a contract for the transportation of approximately 26,000 Metric Tons of materials for Sunflag Iron & Steel Co. Limited. This contract is in the ordinary course of business and does not involve any interest from the promoter or promoter group, nor does it fall under related party transactions. The company has accepted the Letter of Intent (LOI) for the same.
Key Highlights
- Orissa Bengal Carrier Ltd has signed a contract for the transportation of 26,000 Metric Tons of materials for Sunflag Iron & Steel Co. Limited.
- The contract is in the ordinary course of business and does not involve any related party transactions.
- The contract does not include any interest from the promoter or promoter group.
- Orissa Bengal Carrier Ltd has accepted the Letter of Intent (LOI) for the contract.
- The announcement came with the enclosure of the finance document on the stock exchange.