Remsons Industries Limited has informed the Exchange about Awarding of order(s)/contract(s)
REMSONSIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 14.0 pts more than Nifty Microcap 250 and 14.1 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Remsons Industries has won a business award from Stellantis N.V., North America, to supply control cables for Stellantis' Smart Cars, Jeep, and three-wheeler segment. The total order value is over INR 300 crores, described by the company as one of the largest orders in its history. The order is from an international client but will be supplied domestically. Deliveries will begin from the next financial year onwards, with the full contract to be executed over 7 years. There is no related party interest between Remsons and Stellantis.
This is a significant order for Remsons, likely representing a meaningful share of its annual revenue and providing strong revenue visibility over the next several years. Positive for the stock as it validates the company's product quality and long-term relationship with a global auto major.