Kranti Industries Secures ₹35 Lakh Defence Sector Order
Filing Summary
Kranti Industries Ltd has received a purchase order valued at approximately ₹35,40,000 from Armoured Vehicles Nigam Limited – Machine Tool Prototype Factory, 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 the awarding entity. The order is domestic, and the company has confirmed compliance with SEBI regulations.
Kranti Industries Ltd has announced the receipt of a purchase order from Armoured Vehicles Nigam Limited – Machine Tool Prototype Factory (AVNL–MTPF), a Defence Public Sector Undertaking under the Ministry of Defence. The order is for machining precision components for defence applications. The value of the order is approximately ₹35,40,000.
The order is domestic, and Kranti Industries is required to execute it within six months. The company has confirmed that this transaction does not involve any related party transactions, and there is no interest from the promoter group in the awarding entity.
The details of the order were disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the necessary information as required under the SEBI regulations and the SEBI Master Circular dated November 11, 2024.
Armoured Vehicles Nigam Limited – Machine Tool Prototype Factory is a Defence Public Sector Undertaking focused on manufacturing and supplying armoured vehicles and related components. The entity operates under the Ministry of Defence, contributing to the defence sector by providing essential machinery and components.
Kranti Industries Ltd specializes in the manufacturing of precision components for various sectors, including automotive and defence. The company focuses on expanding its capabilities in machining and precision engineering to meet the demands of its clients across different industries.