National Plastic Technologies Secures Rs 52.50 Crore Annual Contract from Hero MotoCorp
National Plastic Technologies Ltd (NPT) has received a Letter of Comfort from Hero MotoCorp Ltd for manufacturing and supplying plastic body parts. The contract is valued at up to Rs 52.50 crore per annum for 3 years. NPT plans to establish a new manufacturing unit near Sri City/Tirupathi, Andhra Pradesh, expected to be operational within 6 to 8 months. This deal marks significant revenue growth potential and geographical expansion for NPT.

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National Plastic Technologies Ltd (NPT) has announced a significant business development that could potentially boost its revenue and expand its manufacturing footprint. The company has received a Letter of Comfort from Hero MotoCorp Ltd for the manufacture and supply of plastic body parts, both painted and unpainted.
Contract Details
| Aspect | Details |
|---|---|
| Contract Value | Up to Rs 52.50 crore per annum |
| Contract Duration | 3 years |
| Nature of Contract | Domestic |
| Scope of Work | Manufacture and supply of plastic body parts (painted and unpainted) |
Expansion Plans
As part of this agreement, National Plastic Technologies is set to establish a new manufacturing unit. Here are the key points:
- Location: At or near Sri City/Tirupathi, Andhra Pradesh
- Timeline: Expected to be operational within 6 to 8 months
- Interim Arrangement: Supply from existing manufacturing locations
Strategic Implications
This contract marks a significant milestone for National Plastic Technologies, potentially leading to:
- Revenue Growth: The estimated annual order value of up to Rs 52.50 crore could substantially contribute to the company's top line.
- Geographical Expansion: The new manufacturing unit in Andhra Pradesh will expand NPT's production capabilities and geographical presence.
- Client Portfolio Enhancement: Securing a contract with Hero MotoCorp, a leading player in the automotive industry, could enhance NPT's reputation and potentially lead to more opportunities in the sector.
Additional Information
- The contract does not involve any related party transactions.
- There is no involvement of promoter or promoter group interests in this deal.
This development showcases National Plastic Technologies' capability to secure high-value contracts in the automotive sector and its readiness to expand operations to meet client requirements. Investors and market watchers may want to keep an eye on how this contract impacts the company's financial performance and growth trajectory in the coming quarters.
Historical Stock Returns for National Plastic Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.00% | +2.33% | +9.80% | +5.41% | -25.88% | +854.55% |





























