Revised Letter of Acceptance from Central PSU - Indian Oil Corporation Ltd - Vashi.
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East India Drums and Barrels Manufacturing has received a Letter of Acceptance from Indian Oil Corporation Limited (IOCL), a Maharatna PSU, for the supply of Open Top MS Steel Barrels (1.25 mm and 1.00 mm) used for grease lubricants. The contract is worth ₹8.60 crore (inclusive of GST) and covers 45,000 barrels to be delivered to IOCL's Grease Plant in Vashi, Navi Mumbai over a 12-month period starting from the Purchase Order date. The LOA is dated December 15, 2025, and the filing was made on December 22, 2025. This is a domestic order with no related-party involvement, and reflects a continuing business relationship with IOCL.
The order strengthens the company's order book and supports near-term revenue visibility, with management indicating it is expected to contribute positively to operational performance. For shareholders, this signals steady repeat business from a large public-sector client, which is generally a positive read on the company's manufacturing quality and execution credibility.