Injection moulding machines manufacturer bags a purchase order worth Rs 18,50,000 from an Indian company

Master Components Limited has placed a domestic purchase order with an Indian company for robots to be utilised on injection moulding machines, amounting to approximately Rs 18,50,000, excluding tax. This acquisition is in anticipation of upcoming projects and business expansion. The payment terms for this order are structured with 30 per cent payable in advance, 60 per cent due before dispatch, and the remaining 10 per cent to be paid after installation. The company expects the order to be executed within 45 days from the date of the purchase order.

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 Friday, shares of Master Components Limited gained 3.47 per cent to Rs 361 per share from its previous closing of Rs 348.90 per share. The company has a market cap of Rs 144 crore and the stock is up by 44.40 per cent from its 52-week low of Rs 250 per share. 

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