8 months ago
Supreme Industries Secures ₹54 Crore LPG Order from BPCL
Supreme Industries, a company that makes plastic and furniture products, got a big order from BPCL.
They have to supply 200,000 special gas cylinders for cooking.
The order is worth ₹54 crore, which is a lot of money.
The contract will last for 6 months, and BPCL can extend it for another 6 months.
Supreme Industries' shares went down a little before this news.
Earlier, the company said they expect to sell more products this year.
But in the last 3 months, their profit went down by 20%, even though they made more money from selling things.
They also raised their expectations for growth in some areas.
Supreme Industries received a ₹54 crore order from BPCL for 2 lakh 10-kg composite LPG cylinders.
The contract is valid for 6 months, with a possible 6-month extension.
The order was awarded through a tender process and is not a related-party transaction.
Supreme Industries' shares closed 0.69% lower at ₹3,327.90 on the NSE.
The company reported an 8% growth in overall volumes in the first half of the fiscal year.
- Who
- Supreme Industries Ltd and Bharat Petroleum Corporation Ltd (BPCL)
- What
- Supreme Industries received a ₹54 crore order for LPG cylinders from BPCL
- Where
- India (domestic order)
- When
- The contract is valid for 6 months from the LoA date, extendable by 6 months
- Why
- The order was awarded through a tender process and is not a related-party transaction
Key facts
- Company
- Supreme Industries Ltd
- Client
- Bharat Petroleum Corporation Ltd (BPCL)
- Order Value
- ₹54 crore
- Cylinders
- 2 lakh 10-kg composite LPG cylinders
- Contract Duration
- 6 months, extendable by 6 months
- Share Price
- ₹3,327.90 (NSE, -0.69%)
- Q2 Net Profit
- ₹165 crore (-20% YoY)
- Q2 Revenue
- ₹2,273 crore (+5% YoY)
