This defence micro-cap company receives a new order worth Rs 23 crore from the President of India
The company has delivered returns of 108 per cent from the date of its listing in June 2023.
CFF Fluid Control Ltd was established to provide cutting-edge technology and engineering solutions for India's defence industry. They quickly partnered with Coyard SAS France through a TOT agreement, introducing advanced fluid control and mechanical equipment to the Indian Navy's Submarine program. Under collaborative agreements, CFF now offers localized technological solutions for mechanical, electronic, power and communication aspects, aligning with the Make in India initiative.
They cover design, manufacturing, overhaul, repair, and lifecycle support, contributing at every defence platform deployment stage. From indigenizing submarine equipment to aiding the creation of stealth ships, CFF is a leader in India's defence manufacturing under the Make in India movement.
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CFF Fluid Control Limited has successfully secured a contract for the Annual Maintenance of the TWA MCA 62.5 System for Indian Navy Submarines, amounting to approximately Rs 23.44 crore, inclusive of taxes. The contract spans three years and will be effective until August 2026. The awarding entity for this contract is the President of India, represented by the CMDE (EE) Directorate of Electrical Engineering, Integrated Headquarters, MOD (Navy). The maintenance contract specifically pertains to the TWA MCA 62.5 Systems of Indian Navy Submarines.
The company has delivered returns of 108 per cent from the date of its listing in June 2023. Additionally, the company has a ROCE of 55.7 per cent and a ROE of 68.3 per cent.
On Wednesday, shares of the company surged by 5 per cent and reached its upper circuit limit of Rs 354.50.
Investors should keep a close eye on this buzzing stock.
Disclaimer: The article is for informational purposes only and not investment advice.