Rs 400 Crore Order: Largest Deal in Company History; In Advanced Talks with India’s Top Conglomerates for Rs 100 Crore Order
Grade TMT bars and beams to Reliance Industries' Jamnagar facility.
Pradhin Ltd., with a market capitalization of just Rs 18.5 crore, has made a significant leap after making its largest order to date, importing aromatic chemicals worth Rs 400 crore from Python Chemical Company Ltd. (Thailand).
The stock of Pradhin Ltd. hit the upper circuit on Tuesday, reflecting investors' optimism about this transformative deal. The order involves importing aromatic chemicals, specifically the Perfumery Compound Base 909, which will be supplied to major perfume factories in Kannauj, Uttar Pradesh. This deal is expected to significantly bolster Pradhin Ltd.'s revenue streams, enhance its market presence, and open new avenues for future collaborations with global suppliers.
This strategic move not only diversifies Pradhin Ltd.'s product offerings but also aligns with its vision to capitalize on emerging opportunities in the Indian chemical industry. The company remains committed to keeping stakeholders informed of further developments related to this transaction, which is set to redefine its market position.
In the last week of August, the company, in a press release, mentioned that it has strategically diversified its business operations by venturing into the steel and real estate sectors. This move aligns with the company's long-term vision of expanding its footprint in high-growth industries and capitalizing on emerging market opportunities. As part of this new venture, the company is in advanced discussions with Reliance Industries Ltd., one of India’s largest conglomerates, to secure a significant order. The order, estimated to be worth up to Rs 100 crore, involves the supply of Fe 600 grade TMT bars and beams to Reliance Industries' Jamnagar facility.
Disclaimer: The article is for informational purposes only and not investment advice.