Ameenji Rubber wins Rs 19.96 Cr order from South Eastern Railway
Ameenji Rubber Limited has received a Letter of Acceptance from South Eastern Railway valued at Rs.19,96,56,000 for the manufacture and supply of Composite Grooved Rubber Sole Plates. The order is to be executed within 12 months and conforms to RDSO specifications. The company confirmed there are no related party transactions involved in this deal.
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Ameenji Rubber Limited has secured a Letter of Acceptance (LOA) worth Rs.19,96,56,000 from South Eastern Railway for the manufacture and supply of Composite Grooved Rubber Sole Plates. The order entails supplying products conforming to RDSO specifications and tender conditions. The execution is scheduled to be completed within 12 months, significantly expanding the company's order book in the railway sector.
The LOA was awarded by the Office of the Principal Chief Materials Manager, South Eastern Railway, a domestic entity. Ameenji Rubber confirmed that the transaction does not fall within related party transactions and that the promoter group has no interest in the entity awarding the order. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Order Details
| Particulars | Details |
|---|---|
| Name of the entity awarding the order | Office of the Principal Chief Materials Manager, South Eastern Railway |
| Nature of the order | Letter of Acceptance (LOA) |
| Brief details of the order | Manufacture and supply of Composite Grooved Rubber Sole Plates conforming to applicable RDSO specifications and tender conditions |
| Total value of the order | Rs.19,96,56,000/- |
| Time period for execution | 12 Months |
| Related party transaction | No |
Historical Stock Returns for Ameenji Rubber
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.70% | +15.35% | +53.50% | +88.34% | +102.64% | +102.64% |
How will this order impact Ameenji Rubber's revenue and profitability over the next fiscal year?
What are the potential for Ameenji Rubber to secure similar orders from other railway zones or private rail operators?
How might this order strengthen Ameenji Rubber's competitive position in the railway sector?
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