Announced Thu, 27 Aug · 19:18 IST
Kothari Industrial wins two Tamil Nadu municipality food service contracts
KOTIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.5%1-day move
₹149.00
prior close
₹149.00
base price
After-mkt
timing
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+2.3+0.1+0.1+3.0-3.5-5.4-8.1-10.1-11.6-8.1-2.7———
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AI summary
Company received two Letters of Acceptance from Keelakarai and Thirupathur Municipalities in Tamil Nadu to provide food services under the Perunthalaivar Kamarajar Morning Breakfast Scheme for school children. Keelakarai contract valued at about Rs 1.48 crore. Thirupathur contract at about Rs 3.86 crore, spread over three years. Total combined order value around Rs 5.35 crore. Formal work orders to follow after security deposit and agreement execution.
Likely market impact
New government-backed revenue from Tamil Nadu school breakfast contracts worth about Rs 5.35 crore combined, adding to order book.