East West Holdings Ltd awarded a Tender Contract from The Indian Institute of Science, Bengaluru

East West Holdings Limited (Through Wholly owned Subsidiary (WOS) East West Freight Carriers Limited) have been awarded a tender contract for 2 years by THE INDIAN INSTITUTE OF SCIENCE (IISC), Bengaluru which is ranked as India's top University and Research institution.

Under this 2 years tender contract, the Company will provide clearing and freight forwarding Services to THE INDIAN INSTITUTE OF SCIENCE (IISC), Bengaluru.

This 2 years tender contract with THE INDIAN INSTITUTE OF SCIENCE (IISC), Bengaluru is expected to generate Rs. 5 cr. revenue per year.

Mohammed Ajaz Shafi - Managing Director & CEO said "I am delighted to announce this contract with The Indian Institute of Science (IISC) as this is the second contract with reputed government agency in a span of few days, this has definitely boosted the confidence of our Company and its emphasis the superior quality of services delivered by our Company to its clients and it's our continuous endeavour to add such reputed clients to our clientele."

Shares of East West Holdings Ltd was last trading in BSE at Rs. 4.50 as compared to the previous close of Rs. 4.66. The total number of shares traded during the day was 9112 in over 54 trades.

The stock hit an intraday high of Rs. 4.61 and intraday low of 4.43. The net turnover during the day was Rs. 40934.00.

Source : Equity Bulls

Keywords

EastWestHoldings INE595R01023 EastWestFreightCarriers OrderWin IISC Bengaluru