Rappid Valves Secures ₹4.03 Crore in Purchase Orders from Leading Companies

Team Finance Saathi

    03/Dec/2024

What's covered under the Article:

  1. Rappid Valves receives ₹4.03 crore in purchase orders from key Indian companies like Jindal Steel, Praj Industries, and more.
  2. The orders pertain to the supply of industrial valves, set for dispatch starting December 2024.
  3. The latest purchase orders reflect Rappid Valves' expanding footprint in the industrial sector.

Rappid Valves (India) Limited has secured a significant ₹4.04 crore worth of purchase orders for the supply of industrial valves. These orders were received in November 2024 and will be dispatched from December 1, 2024, onwards. The purchase orders come from some of the most prominent firms across multiple sectors, marking a significant milestone for the company.

Among the top clients receiving these orders are Vinpa Engineering (I) Pvt Ltd, Praj Industries Ltd, Das Offshore Ltd, Jindal Steel & Power Ltd, Marcuras Water Treatment (I) Pvt Ltd, and Gujarat State Fertilizers & Chemicals Ltd, to name a few. These companies have placed substantial orders, reflecting the growing demand for industrial valves from Rappid Valves, known for their specialized products in this space.

Here’s a breakdown of the major orders received by Rappid Valves:

  • Vinpa Engineering (I) Pvt Ltd: ₹2.48 crore
  • Praj Industries Ltd: ₹59.98 lakh
  • Das Offshore Ltd: ₹59.74 lakh
  • Jindal Steel & Power Ltd: ₹14.15 lakh
  • Marcuras Water Treatment (I) Pvt Ltd: ₹10.07 lakh
  • Gujarat State Fertilizers & Chemicals Ltd: ₹6.68 lakh
  • Pidilite Industries Ltd: ₹2.42 lakh
  • Procient Engineering Pvt Ltd: ₹1.53 lakh
  • Festo India Pvt Ltd: ₹68,122
  • Dhanuka Biotech Pvt Ltd: ₹22,550
  • R C Fertilisers Pvt Ltd: ₹15,750
  • Dhanuka Soya Pvt Ltd: ₹8,496

The total value of the purchase orders amounts to ₹4.03 crore and is part of ongoing supply agreements for industrial valves. This marks a strong period for the company, with the materials slated for dispatch in December 2024. Notably, purchase orders for which materials were dispatched in November 2024 are not included in this list.

Rappid Valves (India) has been an integral supplier for multiple key players across industries, strengthening its reputation as a leading manufacturer in the industrial valves sector.

This update is in line with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR), ensuring that stakeholders are kept informed of important business transactions.

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