Narmadesh Brass Industries Limited, a Subsidiary of Sprayking Limited, Secures order for Electric Section Rods worth Approx Rs. 5 Million.
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Awaiting price reaction for this filing.
Sprayking Limited announced that its subsidiary, Narmadesh Brass Industries Limited, has secured an order for Electric Section Rods valued at approximately Rs 5 Million. The subsidiary has already received an advance payment of Rs 1.8 Million from the client, signaling the buyer's commitment to the deal. Sprayking is a Jamnagar-based brass components manufacturer with a global client base across the USA, Europe, Australia, Canada, South Africa, UAE, and India. The company's subsidiary specialises in copper forging products and brass components.
This is a relatively modest order for the company given its established global presence, so it is unlikely to materially move the stock price in the short term. However, it reinforces the subsidiary's order pipeline and showcases continued demand for the company's brass and copper products, which is mildly positive for sentiment.