Subsidiary secures Rs 12.34 crore domestic steel order
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 8.5 pts less than Nifty Microcap 250 and 9.5 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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N S Engineering Projects, Cosmic CRF's subsidiary, received a purchase order worth Rs 1,234.10 lakh from Jai Balaji Industries for 1,300 metric tonnes of fabricated mild steel items. The domestic order is to be executed within two months and includes GST.
Adds near-term revenue and workload for the subsidiary, but the filing gives no margin or payment terms, so the profit impact is unclear.