Candour Techtex signs defence fabric coating MOU with Ratanmoti Texfab
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Candour Techtex signed an MOU with Ratanmoti Texfab (India) Pvt. Ltd. for long-term coating and lamination of fabrics for the Indian Defence Industry. Ratanmoti will supply raw fabric, Candour will process it at its facility, and the output will be delivered to DRDO ADRDE in Agra. This gives Candour entry into the defence textile supply chain alongside an established partner. No confirmed revenue or order value disclosed — the company states financial impact will depend on actual orders, specifications, and commercial terms.
Positive strategic entry into defence textile supply chain via DRDO. No guaranteed revenue yet — financial upside depends on future orders.