Supreme Industries Secures Rs 54 Cr BPCL LPG Cylinder Order 📦

Supreme Industries Limited (SUPREMEIND), a prominent player in the plastics manufacturing sector, has just announced a significant development that’s set to bolster its domestic business. The company has received a Letter of Acceptance (LOA) from Bharat Petroleum Corporation Ltd (BPCL) for a substantial order.

What’s the buzz? Supreme Industries will be supplying 200,000 units of 10 kg Composite LPG Cylinders. This isn’t just any order; it’s valued at approximately Rs. 54 crores! 💰 This makes it a noteworthy win for the company, highlighting its capabilities in a crucial segment.

This domestic contract is a big deal for Supreme Industries. It solidifies their position as a key supplier in the Indian market, especially in the growing segment of composite LPG cylinders, which are increasingly preferred for their lighter weight and enhanced safety features compared to traditional steel cylinders. The contract is set for an initial period of six months from the date of the LOA, with the potential for extension or repetition for another six months at BPCL’s discretion. This arrangement suggests a potentially steady stream of business and revenue for the company over the coming months.

For investors and market watchers, this kind of order flow is a positive indicator of the company’s operational strength and its ability to secure large-scale projects from major public sector undertakings like BPCL. It underscores Supreme Industries’ manufacturing prowess and its role in supporting India’s evolving energy infrastructure. ✨

source: Corporate Announcement

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