Export order worth USD 1.4M from Dominican Republic government

Export Order Hard CurrencyBusiness Updates View source PDF Explain this filing

MEDICO · price

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▲ 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

-3.1%1-day move

₹47.78

prior close

₹49.60

base price

After-mkt

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AI summary

Medico Remedies has secured a government export order worth USD 1,406,450 (about INR 13.38 Crores) from PROMESE/CAL, Dominican Republic's centralized medicine procurement program. The company will supply tablets, capsules, and dry syrups, with full supply to be completed within 3 months. PROMESE/CAL handles medicine distribution for the Dominican Republic's National Public Health System. No promoter or related party interest is involved.

Likely market impact

Positive: adds about INR 13.38 Crores export revenue to be booked over 3 months; strengthens international presence in Latin America.