Furniture Manufacturer Bags Another Orders Worth Rs 77,00,000 from the Ministry of Civil Aviation, Airports Authority of India
The stock gave multibagger returns of 387 per cent from its 52-week low of Rs 64.60 per share.
Parin Furniture Limited has secured another significant contract from the Ministry of Civil Aviation, Airports Authority of India. The company has been awarded a contract worth Rs 77 lakhs to supply airport furniture to Vadodara Airport. This latest contract adds to Parin Furniture's growing portfolio of projects with the Ministry, with previous contracts totalling Rs 1.82 crore for the supply of airport furniture across various states in India.
This consistent stream of orders from the Ministry of Civil Aviation underscores Parin Furniture's reputation as a reliable and quality supplier of airport furniture. The company's ability to meet the specific requirements of such high-profile projects demonstrates its expertise in the field. As Parin Furniture continues to expand its presence in the aviation sector, it is well-positioned to capitalize on future opportunities and further strengthen its market position.
Parin Furniture Ltd, established in 1983, is a leading furniture manufacturer and supplier in India. They cater to a wide range of needs, offering furniture for hospitals, educational institutions, offices, public spaces and even homes. Their product portfolio includes everything from hospital beds and school desks to office chairs, living room sets and dining tables. They also specialize in customized furniture for OEM partners and projects.
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With a presence in 18 states across India, Parin Furniture boasts an impressive infrastructure including a 200,000 sq. ft display area, a 1,25,000 sq. ft warehouse, and a network of over 900 business partners, dealers and distributors. Their ambitious plans for the future include setting up 100 brand stores across India by 2025, solidifying their position as a major player in the Indian furniture market.
The company has a market cap of Rs 345 crore. The stock gave multibagger returns of 387 per cent from its 52-week low of Rs 64.60 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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