Harsha Engineers International Limited has informed the Exchange about Bagging/Receiving of orders/contracts
HARSHA · price
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Harsha Engineers International has signed a 3-year Long Term Agreement with a leading multinational company for the recurring manufacture and supply of journal bearings and bushings, effective July 31, 2025. The deal is valued at approximately ₹117 crores per annum, translating to a potential total contract value of around ₹350 crores over the contract period. The order is placed by an international entity and involves both domestic and international supply. The agreement is a related-party-free transaction and adds a significant recurring revenue stream to the company's bearings business.
This is a positive development for shareholders, as it locks in a large, multi-year recurring revenue stream from a reputed multinational client, providing revenue visibility and strengthening Harsha's order book. The international nature of the contract also supports diversification and potential foreign currency earnings.