For supply of 7.35 lakh 10 kg capacity composite LPG cylinders
Supreme Industries has received LOI for supply of 7,35,186 Nos of 10 Kg capacity Composite LPG Cylinders valuing about Rs. 170 crore from Indian Oil Corporation.The company expects to execute entire quantity of this prestigious order over a period of 12 months. This will facilitate full utilization of existing installed capacity of Composite LPG cylinders of the company. Further, the company has geared itself to double the present capacity to reach one million pcs. per annum in next 8 to 9 months' time with a capital outlay of about Rs.50 crore. It would enable the company to execute the present order and meet the increasing demand.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU