Published On:April 23 2024
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Gujarat Toolroom Ltd Executes Rs. 650 Million Order with Reliance Industries Limited

Gujarat Toolroom Limited (GTL) has successfully completed the latest segment of its ongoing contract with Reliance Industries Limited (RIL). This accomplishment underscores GTL's dedication to fulfilling contractual commitments and highlights the robust business relationship with RIL.

In this stage, GTL has delivered construction supplies valued at Rs. 650 million to RIL, representing the second installment of a multi-phase agreement. This development signifies a significant milestone for GTL, showcasing its capacity to deliver on large-scale contracts and meet the varying demands of key clients like Reliance Industries.

The entire contract between GTL and RIL exceeds Rs. 2 billion in value. GTL had previously completed the initial tranche of Rs. 290 million last month. With the successful execution of the Rs. 650 million order, GTL is on track to fulfill the remaining parts of the contract over the upcoming quarters.

The company anticipates positive financial outcomes from the completion of this segment and expects the ongoing contract with RIL to boost GTL's revenue and profitability in the coming periods. Further developments and progress updates will be shared as the project advances.

EQUITYBULLS





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