Announced Tue, 25 Aug · 18:04 IST
Wins food service contracts worth Rs 5.84 crore from Tamil Nadu municipalities
KOTIC · price
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Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹147.40
prior close
₹147.70
base price
After-mkt
timing
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AI summary
Kothari Industrial Corporation has received two Letters of Acceptance from Thirunindravur and Aruppukottai Municipalities in Tamil Nadu for providing breakfast to school children under the Perunthalaivar Kamarajar Morning Breakfast Scheme. The aggregate contract value is Rs 5,83,79,630 (about Rs 5.84 crore). Aruppukottai is worth Rs 5,12,74,314 and Thirunindravur is Rs 71,05,316. The contracts run for three years and are domestic orders not related to promoter group.
Likely market impact
Adds about Rs 5.84 crore of revenue spread over 3 years from government catering work; modest, steady order inflow.