East India Drums & Barrels Manufacturing Limited has announced receiving a significant Letter of Acceptance from Indian Oil Corporation Limited (IOCL), a Maharatna Public Sector Undertaking, marking another milestone in their ongoing business relationship. The order involves the procurement of 45,000 open top MS steel barrels for grease lubricants, valued at ₹8.60 crores.

Order Details and Specifications

The comprehensive order encompasses specific technical and commercial parameters that highlight the scale of this business development.

Strategic Business Impact

The company has emphasized that this Letter of Acceptance underscores its strong and longstanding relationship with Indian Oil Corporation Limited. The order reflects continued confidence in the company's manufacturing capabilities, quality standards, and timely execution abilities. Management expects this order to contribute positively to the company's operational performance while further strengthening its order book.

Compliance and Transparency

East India Drums & Barrels Manufacturing Limited has confirmed that none of the promoters, promoter group, or group companies have any interest in Indian Oil Corporation Limited. The transaction does not fall under the category of Related Party Transactions, ensuring complete transparency in the business arrangement.

The disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to maintaining proper corporate governance standards and keeping stakeholders informed about material developments.

East India Drums & Barrels Manufacturing Limited has secured a defence contract worth ₹39.60 lakh from Munitions India Limited, a Central Public Sector Undertaking under the Ministry of Defence. The contract, awarded through the Government e-Marketplace (GeM) platform, involves the supply of 1,500 steel barrels.

Contract Details and Specifications

The defence order encompasses the supply of specialized steel barrels designed for military applications. The contract specifications include:

Strategic Significance for Defence Sector

This contract award represents a notable milestone for East India Drums & Barrels Manufacturing Limited in expanding its defence sector footprint. The company's successful bid through the GeM platform underscores its ability to meet government procurement standards and technical specifications required for defence applications.

The contract involves manufacturing steel barrels with specialized lid and ring locking arrangements, indicating the technical precision required for defence-grade containers.

Manufacturing Capabilities and Quality Standards

East India Drums & Barrels Manufacturing Limited operates as an ISO 9001:2015, 14001:2015, and 45001:2018 certified company, ensuring adherence to international quality, environmental, and occupational health standards. The company's registered office is located at 201, A Wing, Jwala Estate, Pushpa Vinod-2, Soni Wadi, S.V. Road, Borivali (W), Mumbai-400092.

The contract award reflects the confidence of public sector undertakings in the company's manufacturing capabilities and product quality standards. This defence order strengthens the company's position in supplying specialized containers to government entities and defence establishments.

Regulatory Compliance and Disclosure

The company announced this contract award in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure ensures transparency with stakeholders and regulatory authorities regarding material developments affecting the company's business operations.