Deals18 Jul 2024, 09:54 pm
Rathi Steel & Power Receives Order Worth Rs 7.8 Cr from Bansal Wire Industries
AI Summary
Rathi Steel & Power Ltd. has announced receiving an order from Bansal Wire Industries Limited, a leader in downstream applications of their products. The order, valued at approximately Rs 7.8 Crore (including GST), is for the supply of stainless steel products. The company received this order in the normal course of business, and it does not fall under related party transactions, being conducted on an arm's length basis. This disclosure is in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015 and the company's Code of Practices and Procedure for fair disclosure of Unpublished Price Sensitive Information.
Key Highlights
- Order received from Bansal Wire Industries Limited worth approximately Rs 7.8 Crore (including GST)
- Order is for the supply of stainless steel products
- Transaction is not a related party transaction
- Deal conducted on an arm's length basis
- Disclosure made in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015