Letter of Acceptance (LOA) received from BHARAT PETROLEUM CORPORATION LTD (BPCL) against our offer through Tender for supply of 10 kg Composite LPG Cylinders
SUPREMEIND · price
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Supreme Industries has received a Letter of Acceptance from Bharat Petroleum Corporation Ltd (BPCL) for supplying 2,00,000 (2 lakh) units of 10 Kg Composite LPG Cylinders. The total order value is approximately Rs. 54 crores. The contract is to be executed within 6 months from the date of LOA, with a possible extension of up to another 6 months at BPCL's discretion. BPCL is a domestic public sector undertaking and this is a domestic order with no related party interest. The promoter group has no interest in the awarding entity.
This is a moderate-sized new order for the company's packaging division. While positive for order book visibility, the Rs. 54 crore value represents a small fraction of Supreme Industries' overall annual revenue, so the impact on stock price is likely to be limited.