Pradhin Ltd is in discussions with Reliance Industries Ltd for major order

Pradhin Ltd. ("the Company") has strategically diversified its business operations by venturing into the Steel and Real Estate sectors. This move aligns with our long-term vision of expanding our footprint in high-growth industries and capitalizing on emerging market opportunities.

As part of this new venture, the Company is in advanced discussions with Reliance Industries Ltd., one of India's largest conglomerates, to secure a significant order. The order, estimated to be worth up to INR 1 Billion (Rs. 100 Crores), involves the supply of Fe 600 grade TMT Bars and Beams to Reliance Industries' Jamnagar facility.

Key Details of the Proposed Order:

- Product Specifications: Fe 600 grade TMT Bars and Beams.
- Order Value: Up to INR 1 Billion (Rs. 100 Crores).
- End User: Jamnagar facility of Reliance Industries Ltd.
- Sector: Steel & Real Estate.

The Company's entry into the Steel sector, coupled with this potential order from a prestigious client like Reliance Industries Ltd., is expected to significantly boost our revenue and enhance our market position. We are confident that this strategic move will create substantial value for our stakeholders and further solidify our reputation as a diversified and growth-oriented organization.

While discussions are at an advanced stage, the formal agreement is yet to be finalized.

Shares of Pradhin Ltd was last trading in BSE at Rs. 52.78 as compared to the previous close of Rs. 49.39. The total number of shares traded during the day was 50850 in over 285 trades.

The stock hit an intraday high of Rs. 54.32 and intraday low of 52.52. The net turnover during the day was Rs. 2736814.00.

Source : Equity Bulls

Keywords

Pradhin INE656B01019 OrderDiscussions RelianceIndustries