Kranti Industries Secures ₹31 Lakh Defence Sector Order
Filing Summary
Kranti Industries Ltd has received a purchase order valued at approximately ₹31,24,800 from Armoured Vehicles Nigam Limited – Heavy Vehicles Factory (AVNL–HVF), a Defence Public Sector Undertaking under the Ministry of Defence. The order involves machining precision components for defence applications and is to be executed within six months. This transaction does not involve any related party transactions, and there is no interest from the promoter group in AVNL–HVF. The order is domestic in nature, furthering Kranti Industries’ involvement in the defence sector.
Kranti Industries Ltd has announced the receipt of a purchase order from Armoured Vehicles Nigam Limited – Heavy Vehicles Factory (AVNL–HVF), a Defence Public Sector Undertaking under the Ministry of Defence. The order, valued at approximately ₹31,24,800, is for the machining of precision components intended for defence applications. The company is required to execute this order within a period of six months.
The purchase order from AVNL–HVF specifies the machining of components, highlighting Kranti Industries’ capabilities in precision engineering for defence purposes. The order is domestic, awarded by a domestic entity, and does not constitute a related party transaction. Additionally, there is no interest from Kranti Industries’ promoter or promoter group in AVNL–HVF.
The financial terms of the order are straightforward, with the total consideration amounting to approximately ₹31,24,800. The company is expected to complete the machining of the components within the stipulated timeframe of six months, ensuring compliance with the terms outlined in the purchase order.
Armoured Vehicles Nigam Limited – Heavy Vehicles Factory is a key player in the defence sector, focusing on the production and supply of armoured vehicles and related components. As a Defence Public Sector Undertaking, it operates under the Ministry of Defence, contributing to the nation’s defence manufacturing capabilities.
Kranti Industries Ltd specializes in the manufacturing of precision components, catering to various sectors including automotive and defence. The company continues to expand its footprint in the defence sector, leveraging its expertise in precision machining to secure orders from significant entities like AVNL–HVF. This aligns with its strategic focus on enhancing its role in high-value sectors.