Furniture manufacturer receives order worth Rs 54,23,000 from Ministry of Civil Aviation, Airports Authority of India

Parin Enterprises Limited, previously known as Parin Furniture Limited, has secured a significant contract from the Ministry of Civil Aviation, Airports Authority of India. The order, valued at Rs 54.23 lakh (Rupees Fifty Four Lacs Twenty Three Thousand Only), is for the supply of airport furniture to Gannavaram Airport in Andhra Pradesh. This new contract highlights Parin Enterprises' continued involvement in providing furnishings for public infrastructure projects.

Earlier, the company received a contract from the Ministry of Civil Aviation, Airports Authority of India, for the supply of airport furniture to Ayodhya Airport, Uttar Pradesh. The total value of this contract is Rs 22.22 lakh (Rupees Twenty-Two Lacs Twenty-Two Thousand Only).

Parin Furniture Ltd, established in 1983, is a leading furniture manufacturer and supplier in India. They cater to a wide range of needs, offering furniture for hospitals, educational institutions, offices, public spaces and even homes. Their product portfolio includes everything from hospital beds and school desks to office chairs, living room sets and dining tables. They also specialise in customised furniture for OEM partners and projects.

With a presence in 18 states across India, Parin Furniture boasts an impressive infrastructure including a 200,000 sq. ft display area, a 1,25,000 sq. ft warehouse, and a network of over 900 business partners, dealers and distributors. Their ambitious plans for the future include setting up 100 brand stores across India by 2025, solidifying their position as a major player in the Indian furniture market. The company has a market cap of over Rs 400 crore. The stock is up by 58.4 per cent from its 52-week low of Rs 234.85 per share.

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