Remsons Industries Limited has informed the Exchange about Awarding of order(s)/contract(s)

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REMSONSIND · price

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Price reaction · full curve 14 horizons · vs prior close

-0.9%1-day move

₹98.90

prior close

₹99.36

base price

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AI summary

Remsons Industries' UK-based step-down subsidiary, Remsons Automotive Ltd., has received a 6-year Hood Rod supply contract from a global commercial vehicle OEM. The contract has a total estimated value of approximately ₹30 Crores over its lifetime, with production scheduled to start in Q1 CY2027. The contract involves supply of pedal box and Hood Rod components. The order was awarded by a foreign entity and is classified as an international contract. The nomination period spans 72 months (6 years).

Likely market impact

This is a positive development for Remsons Industries as it adds to their order book through their UK subsidiary. The international nature of this contract provides hard currency revenue exposure. The ₹30 Crores lifetime value over 6 years translates to approximately ₹5 Crores annually.