Receipt of Letter of Acceptance from Central PSU - Indian Oil Corporation Limited - Selvassa.
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East India Drums and Barrels Manufacturing Ltd has received a Letter of Acceptance from Indian Oil Corporation Limited (IOCL), a Central public sector undertaking. The order is for the supply of 1.0 mm MS Plain and Epoxy Coated Barrels to locations including Taloja, Trombay, Mumbai, Silvassa, and Khapri. The total contract value is Rs. 4.60 crore (Rs. 4,59,90,000) over a 12-month period, with supplies being made to Silvassa. The company has highlighted this as a reflection of its long-standing relationship with IOCL and continued trust in its manufacturing quality. The order is expected to strengthen the company's order book and positively contribute to operational performance.
This is a positive development as it adds a Rs. 4.60 crore order from a prestigious Central PSU to the order book, providing revenue visibility for the next 12 months and reinforcing the company's standing as a trusted supplier to major oil companies.