Tulsi Extrusions Ltd has won an order worth approx. Rs 150mn from Tapi Prestressed Products Ltd., Jalgaon to supply various sizes of high diameter PVC pipes for 374.908 kms.
These pipes will be used by purchasers in Ujjain Municipal Corporation Project, Ujjain, Madhya Pradesh, which will be delivered within a period of 1 year.
In the beginning, the Company has received a bank guarantee of Rs 30mn from Yes Bank on behalf of purchaser against supply of goods which is valid for 3 months.
The production process of order will occur at Companys existing factory at Jalgaon, Maharashtra from new machines purchased by way of IPO of the Company which came in the month of February, 2008.
The Company is planning to have benefit from the said order, which is supported by bank guarantee and amid ongoing global rescission in the market and tough competition the Company is determined to reach its revenue targets.
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