Harsha Engineers Secures Multi-Year Deal Worth ₹117 Cr Annually

Hey there, finance enthusiasts! 👋 We’ve got some exciting news from Harsha Engineers International Limited (NSE: HARSHA), a name you might recognize for its precision engineering solutions. The company has just announced a significant long-term agreement that’s set to boost its revenue stream.

Harsha Engineers has successfully inked a deal with a leading multinational company for the supply of journal bearings and bushings. This isn’t just a one-off order; it’s a long-term agreement, effective from July 31, 2025, and set for an initial period of three years. Talk about stability! 🚀

So, what’s the big number? This recurring supply contract is valued at an impressive around INR 117 crores per annum. That’s a substantial figure that will contribute consistently to Harsha Engineers’ top line over the next three years. The agreement highlights the company’s strong capabilities in manufacturing and supplying critical components to global players.

This contract is with an international entity, further solidifying Harsha Engineers’ presence in the global market. It’s a clear indicator of the trust and quality associated with their products on an international scale. For a company like Harsha, securing such a multi-year, high-value contract provides excellent revenue visibility and operational stability, which are always great signs for investors.

While the last traded price for HARSHA was ₹409.9, down 1.2%, this announcement, once fully absorbed by the market, could certainly be a positive catalyst. A steady stream of revenue from a reputable multinational client is always a welcome development.

Keep an eye on Harsha Engineers as they continue to expand their footprint and deliver precision engineering solutions worldwide! ✨

source: Corporate Announcement

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