Announced Thu, 25 Jun · 18:49 IST
Subsidiary gets two work orders from IOCL worth Rs 3.77 crore total
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Price
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Price reaction · full curve 14 horizons · vs prior close
+11.6%1-day move
₹430.00
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AI summary
Qualitek Labs wholly owned subsidiary Interstellar Testing Centre received two domestic work orders from Indian Oil Corporation. First is for 2G Ethanol QC Lab operation and management worth Rs 3.02 crore, second is for testing of water, wastewater, ethanol and process chemicals worth Rs 75.4 lakhs. Both orders run 24 months. No related party interest.
Likely market impact
New PSU contracts add around Rs 3.77 crore revenue over 24 months for the subsidiary, modest order inflow visibility.