Ameenji Rubber gets Rs 13.41 Cr Rubber Pads order from Railways office
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On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.4 pts less than its Rubber peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ameenji Rubber has secured a purchase order worth Rs 13.41 crore from the Office of the Principal Chief Materials Manager, Secunderabad, an Indian Railways procurement office. The order is for manufacture and supply of Rubber Pads, to be executed over 12 months. It is not a related party transaction.
Adds Rs 13.41 Cr to order book from a government Railways client, giving revenue visibility for 12 months.