KDDL receives export order, enters into production agreement

KDDL's precision engineering business division, Eigen Engineering, has received one export order and entered into production agreement with a global vehicle company. KDDL expects the supplies for these products to commence from the end Q4FY22 or early Q1FY23.

The fulfilment of the order would be subject to satisfactory achievement of milestones and conditionalities. The value of the business is estimated to be up to USD 4 million per year once conditionalities have been met and full supplies have commenced.

Shares of KDDL Limited was last trading in BSE at Rs. 807.15 as compared to the previous close of Rs. 823.40. The total number of shares traded during the day was 687 in over 223 trades.

The stock hit an intraday high of Rs. 838.50 and intraday low of 791.70. The net turnover during the day was Rs. 560762.00.

Source : Equity Bulls

Keywords

KDDL INE291D01011 OrderWin ExportOrder ProductionAgreement