Deals22 Dec 2025, 04:51 pm
East India Drums and Barrels Manufacturing Ltd Secures 8.6 Crore Order from Indian Oil Corporation Ltd
AI Summary
East India Drums and Barrels Manufacturing Ltd has received a Letter of Acceptance (LOA) from Indian Oil Corporation Limited, a Maharatna Public Sector Undertaking, for the procurement of Open Top MS Steel Barrels for grease lubricants. The total contract value is 8,60,49,000/- (Rupees Eight Crore Sixty Lakh Forty-Nine Thousand only), inclusive of GST. The order is for 45,000 barrels, to be delivered at the Grease Plant, Vashi, Navi Mumbai, within a 12-month period from the issuance of the Purchase Order. This order strengthens the Company’s order book and is expected to contribute positively to its operational performance.
Key Highlights
- East India Drums and Barrels Manufacturing Ltd has secured an order from Indian Oil Corporation Limited worth 8.6 crores.
- The order is for the procurement of Open Top MS Steel Barrels for grease lubricants.
- The delivery location is the Grease Plant, Vashi, Navi Mumbai.
- The execution/contract period is 12 months from the date of issuance of the Purchase Order.
- This order is expected to contribute positively to the Company’s operational performance.