Stock in Focus: Supreme Industries Limited has received Letter of Acceptance (LoA) for new orders from Bharat Petroleum Corporation Limited (BPCL). According to exchange filings, the order is for the supply of approximately 2 lakh 10-kg composite LPG cylinders.
The company said that this is a repeat order, which has been given under the tender process. According to Supreme Industries’ estimates, the total value of this order is around ₹54 crore. This contract will be valid for six months from the date of issue of LoA. BPCL can extend it for next six months if needed. The company has clarified that this order has been placed by a domestic company.
Shares of Supreme Industries had closed 0.69 per cent lower at ₹3,327.90 on Wednesday. The stock has fallen 25.60% in the last 1 year. At the same time, it has fallen by 30.11% in 1 year. Its market cap is Rs 42.18 thousand crore.
Purvah Green Power Private Limited, a subsidiary of CESC Limited, has informed that it has received a new order from REMC Limited. This project has been awarded under an open and competitive bidding process. Under this, grid connected renewable energy power projects will be set up. These include both options with or without storage systems.
Under this project, 180 MW round-the-clock (RTC) i.e. 24 hours electricity will be supplied. According to the company, the duration of this contract will be 25 years from the date of commissioning of the project.
Shares of CESC Limited closed at Rs 168.12 with a marginal decline of 0.13%. The stock has been almost flat for the last 6 months. At the same time, it has declined by 8.35% in one year. The market cap of the company is Rs 22.31 thousand crore.
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