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Supreme Industries receives LoI worth Rs 170 crore from Indian Oil Corporation

03 Mar 2022 Evaluate

Supreme Industries has received Letter of Intent (LoI) for supply of 7,35,186 Nos of 10 Kg. capacity Composite LPG Cylinders valuing about Rs 170 crore from Indian Oil Corporation. The company expects to execute entire quantity of this prestigious order over a period of 12 months.

This will facilitate full utilization of existing installed capacity of Composite LPG cylinders of the company. Further, Company has geared itself to double the present capacity to reach 1 million pcs. per annum in next 8 to 9 months' time with a capital outlay of about Rs 50 crore. It would enable the company to execute the present order and meet the increasing demand.

Supreme Industries is India's leading plastic processing company with seven business divisions. The company has forayed into different types of plastic processing in Injection Moulding, Rotational Moulding (ROTO), Extrusion, Compression Moulding, Blow Moulding etc.

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