Auto components manufacturer placed a purchase order worth Rs 1,38,81,000 to an Indian company

Master Components Limited, an auto components manufacturer, has awarded a purchase order to an Indian company for the supply of tools for various automotive parts. The total value of the order is approximately Rs 1,38,81,000, excluding taxes. This is a domestic contract with the significant condition that payment will be made 100 per cent against sample approval. The order is required to be executed before December 10, 2025.

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Master Components Limited is a manufacturing company established in 1999 that specialises in creating plastic engineering components and sub-assemblies. The company's core business involves transforming materials into new products through various moulding techniques. Their production facilities, located in Nashik, India, are equipped to handle a wide range of component sizes, catering to the diverse needs of the electrical, medical, industrial, and automotive sectors. Renowned companies such as Siemens, Schneider Electric, and Atlas Copco are among their clientele.

On Wednesday, shares of Master Components Limited plunged 2.90 per cent to Rs 357 per share from its previous closing of Rs 368 per share. The company has a market cap of Rs 143 crore and the stock is up by 43 per cent from its 52-week low of Rs 250 per share. 

Disclaimer: The article is for informational purposes only and not investment advice.