KDDL’s precision engineering business division -- Eigen Engineering has received one export order and entered into production agreement with a global vehicle company. KDDL expects the supplies for these products to commence from the end Q4FY22 or early Q1FY23.
The fulfilment of the order would be subject to satisfactory achievement of milestones and conditionalities. The value of the business is estimated to be up to $4 million per year once conditionalities have been met and full supplies have commenced.
KDDL is a diverse company focusing on luxury Retail Watches and precision Engineering. It has established India’s largest retail chain for premium and luxury watches- Ethos and SUMMIT.
