Award of Contract
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.3 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.