Deals27 Jun 2024, 12:06 am
Supreme Industries Lands Contract from IOCL for 2.3 Lakh Composite LPG Cylinders Worth INR 55 Crores
AI Summary
Supreme Industries Ltd. has announced that it has received a Letter of Acceptance (LOA) from Indian Oil Corporation Limited (IOCL) for the supply of approximately 231035 numbers of 10.0 Kg Composite LPG Cylinders. The contract is valued at around INR 55 crores and is expected to be executed within 12 months from the date of placement of the LOA. The contract period is 12 months, extendable up to another 12 months at IOCL's discretion.
Key Highlights
- Supreme Industries secures contract from IOCL for 2.3 lakh composite LPG cylinders
- Contract valued at around INR 55 crores
- Contract period is 12 months, extendable up to another 12 months
- Cylinders to be supplied within 12 months from the date of placement of LOA
- Indian Oil Corporation Limited is the entity awarding the order