Hardwyn India Limited has informed the Exchange about Receipt of order from M/s. Narandas Chandumal Bhatia LLC (UAE) worth of USD 4.10 lakh approximately.
HARDWYN · price
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Hardwyn India has received an international order from M/s. Narandas Chandumal Bhatia LLC based in UAE. The order is valued at USD 4.10 lakh (approximately INR 3.94 crore) and includes hardware products such as Plain Basket, Bottle Pull Out Pantry Pull out, Magiccorner, Caraousel, Door Closer, and Mortize Cylinder. The order is to be executed within 150 days after receiving the advance payment. The company has confirmed that the order does not involve any related party transaction and that promoters have no interest in the entity awarding the order.
This is a positive development as the company secures an international export order in USD, bringing in hard currency revenue. However, the order size of INR 3.94 crore is relatively modest, so the impact on stock price may be limited unless the company has a small revenue base.