The Supreme Industries receives Rs. 170 crores order from IOC for supply of composite LPG Cylinders

The Supreme Industries Ltd has received LOI for supply of 7,35,186 Nos of 10 Kg. capacity Composite LPG Cylinders valuing about Rs. 170 Crores from Indian Oil Corporation Limited (IOC).

Company expects to execute entire quantity of this prestigious order over a period of 12 months. This will facilitate full utilization of existing installed capacity of Composite LPG cylinders of the Company. Further Company has geared itself to double the present capacity to reach one million pcs. per annum in next 8 to 9 months time with a capital outlay of about Rs.50 Crores. It would enable the Company to execute the present order and meet the increasing demand.

Shares of The Supreme Industries Limited was last trading in BSE at Rs. 2016.70 as compared to the previous close of Rs. 2025.90. The total number of shares traded during the day was 3129 in over 1266 trades.

The stock hit an intraday high of Rs. 2047.20 and intraday low of 1999.40. The net turnover during the day was Rs. 6332030.00.

Source : Equity Bulls

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