Announced Tue, 25 Aug · 11:33 IST
Wins Rs 12.02 crore food service contracts from 6 Tamil Nadu municipalities
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
-2.7%1-day move
₹153.17
prior close
₹152.44
base price
In-mkt
timing
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AI summary
Kothari Industrial Corp won Letters of Acceptance from 6 Tamil Nadu municipalities to provide breakfast to school children under the Perunthalaivar Kamarajar Scheme. Total value is Rs 12.02 crore spread over 3 years across Thuraiyur, Musiri, Koothanallur, Pattukkottai, Srivilliputhur and Adirampattinam. Work orders will follow after security deposit and agreement execution.
Likely market impact
Adds Rs 12.02 crore revenue visibility over 3 years from government-backed catering contracts. Mildly positive for the stock.