The company has signed a Memorandum of Understanding (MoU) to supply heavy forged and precision-machined components for power generation applications to a large international manufacturer of industrial equipment.

The initial agreement establishes key terms that will lead to a definitive long-term supply contract, with testing and sampling expected in 2027 and supply commencement planned for 2028. The MoU indicates annual committed volumes valued at INR 95 Cr, with a potential peak revenue of INR 160 Cr.

This development enhances the company's prospects in the industrial and mining sectors, indicating a positive outlook as long-term collaboration with a global player could reinforce its market position and revenue streams.

Investors should watch closely for further developments regarding this binding supply agreement.