Cupid Limited receives orders for Rs. 16.23 crores from Central Medical Services Society for Male Condoms

Cupid Limited has received orders from Central Medical Services Society (CMSS) worth Rs 16.23 crore for male condoms.

CMSS was established with the approval of Cabinet as a Central Procurement Agency (CPA) to streamline drug procurement and distribution system of Department of Health & Family Welfare (DoHFW), Ministry of Health and Family Welfare, Government of India.

Cupid Limited secured Two Orders for Male Condoms from CMSS worth Rs 9.65 Crores and Rs 6.58 Crores respectively.

The orders received are to be executed by April, 2024 as per the exchange filing by the company on Jan 8, 2024.

"We are excited to receive this significant allocation from the Government of India and are fully committed to supporting the GOI's vision to educate and ensure a safe, healthy lifestyle for all citizens. This collaboration underscores the importance of ensuring access to vital resources for the well-being of the community at large.", says Mr. Aditya Halwasiya, Managing Director, Cupid Limited.

Additionally states "We are thus aligned with the Government of India in their initiative to Help India Play Safe. Cupid Limited's proposed production capacity expansion in the next 18-24 months will augur well for future orders from the GOI."

Shares of Cupid Limited was last trading in BSE at Rs. 1380.05 as compared to the previous close of Rs. 1314.35. The total number of shares traded during the day was 1187 in over 23 trades.

The stock hit an intraday high of Rs. 1380.05 and intraday low of 1380.05. The net turnover during the day was Rs. 1638119.00.

Source : Equity Bulls

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