Menon Bearings Limited has informed the Exchange about Bagging/Receiving of orders/contracts
MENONBE · price
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Awaiting price reaction for this filing.
Menon Bearings has secured an order from U.S.-based Allison Transmission to manufacture and supply Thrust Washers and Bushings. The order is for approximately 75 lakh (7.5 million) pieces per year, worth around USD 3.73 million annually, and will be executed on a yearly basis. Allison Transmission is an international entity, and the order is described as a continuation of regular business with no related-party interest. This strengthens the company's export revenue base and ties it to a globally recognized transmission manufacturer.
The order adds meaningful annual export revenue in U.S. dollars, improving visibility and providing a forex earnings cushion for shareholders. For a small-cap company like Menon Bearings, a USD 3.73 million annual order from a reputed global client is a positive business signal and could support the stock sentiment.