Award19 Sept 2026, 01:30 pm
East India Drums Bags ₹59 Cr Order from HPCL
AI Summary
East India Drums & Barrels Manufacturing Limited has secured a significant contract from Hindustan Petroleum Corporation Ltd (HPCL) for the supply of Bitumen Drum-IS3575 (Q3). The order, awarded through the Government e-Marketplace (GeM), is valued at ₹590,246,487.92 (approximately ₹59 Crores). This domestic order is to be executed within two years, commencing immediately as per the purchase order. The contract falls within the ordinary course of the company's business, and there are no promoter or related party interests involved.
Key Highlights
- Secured a major domestic order from Hindustan Petroleum Corporation Ltd.
- Contract value stands at ₹590,246,487.92 (approx. ₹59 Crores).
- Order is for the supply of Bitumen Drum-IS3575 (Q3).
- Execution timeline is within 2 years, commencing immediately.
- Transaction is in the ordinary course of business.
Price Impact
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