Plastic Moulding Company Bags New Order Worth Rs 10,01,33,352 From Indian Electrical Company
Their production facilities, located in Nashik, India, are equipped to handle a wide range of component sizes, catering to the diverse needs of the electrical, medical, industrial, and automotive sectors.
Master Components Limited announced the receipt of a continuous purchase order from a leading Indian Electrical company for the supply of moulded plates and frames. This significant order is expected to generate annual revenue of approximately Rs 10,01,33,352 (Rupees Ten Crore One Lakh Thirty-Three Thousand Three Hundred and Fifty-Two) excluding taxes. The delivery terms and schedule will be as per the purchase order and specific requirements shared by the customer from time to time. This order solidifies our position as a reliable supplier to the Indian electrical industry and underscores our commitment to delivering high-quality products and services.
Earlier, the Board entered into a Memorandum of Entry with IDFC First Bank Limited on October 24, 2024, to facilitate the transfer of an outstanding loan from HDFC Bank Limited to IDFC First Bank Limited. This transfer is enabled by securing a new Overdraft Facility of up to INR 5 Crore from IDFC First Bank Limited. This facility is secured against the hypothecation of the company's current and future assets, as well as the collateral security of its industrial property located in Ambad, Nashik. The key terms of the agreement include a 9% interest rate, a 12-month tenure, on-demand repayment, a 10% margin on invoice/order value, and a non-related party transaction.
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Master Components Limited is a manufacturing company established in 1999 that specializes in creating plastic engineering components and sub-assemblies. The company's core business involves transforming materials into new products through various moulding techniques. Their production facilities, located in Nashik, India, are equipped to handle a wide range of component sizes, catering to the diverse needs of the electrical, medical, industrial, and automotive sectors. Renowned companies such as Siemens, Schneider Electric, and Atlas Copco are among their clientele.
The company has a market cap of Rs 112 crore. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.