Remsons Industries Limited has informed the Exchange about Awarding of order(s)/contract(s)
REMSONSIND · price
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Awaiting price reaction for this filing.
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.