Deals27 Jun 2024, 12:06 am
Supreme Industries Secures INR 55 Crores Order from IOCL for 10 Kg Composite LPG Cylinders
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 total supply is expected to be valued at around INR 55 crores. The contract is valid for a period of 12 months from the date of placement of LOA, which may be extended and/or repeated at the sole discretion of IOCL for a further period of up to 12 months.
Key Highlights
- Supreme Industries secures INR 55 crores order from IOCL
- Order for the supply of approximately 231035 numbers of 10.0 Kg Composite LPG Cylinders
- Contract valid for 12 months from the date of placement of LOA
- Possibility of extension and/or repetition of the contract for a further period of up to 12 months
- Supreme Industries is a domestic entity and the order is from a domestic entity, IOCL