Kothari Industrial bags Rs 2.54 cr material handling contract from ICF Chennai
KOTIC · price
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Kothari Industrial Corporation has received a Letter of Acceptance from Integral Coach Factory (ICF), Chennai, a unit of Indian Railways under the Government of India, for a Comprehensive Material Handling Service Contract at ICF Shell Depot, Chennai. The contract is valued at about Rs 2.54 crore including GST, covering deployment of forklifts, a 16 MT mobile crane, JCB, high reach stacker, and trained manpower. The contract runs for 365 days from the date of issue and is a domestic order. No promoter group interest is reported in the awarding entity.
Positive order inflow from a government PSU; adds to topline but the size appears modest relative to typical corporate revenue.