Award of Contract
Price
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Awaiting price reaction for this filing.
National Plastic Technologies Ltd has received a Letter of Comfort from Hero MotoCorp Ltd for the manufacture and supply of plastic body parts (painted and unpainted). The initial estimated order value is up to Rs. 52.50 crores per annum, with a tenure of 3 years. The company will set up a new manufacturing unit near Sri City/Tirupathi in Andhra Pradesh within the next 6 to 8 months to fulfil the order, while continuing supplies from existing locations in the interim. The order is domestic in nature and is not a related party transaction, with no promoter interest in Hero MotoCorp.
This is a meaningful revenue win for a small-cap company, providing multi-year order visibility and likely boosting top-line growth. However, the new plant setup means capex and execution risks in the near term, with benefits ramping up only after the facility is operational.