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Cosmic CRF Limited Secures Trio of Orders, Bolstering Order Book

14 June 20243 mins read by Angel One
The company secured 3 new orders from the Wagon Manufacturing Industry, which are likely to bolster strategic partnerships and expand the product portfolio.
Cosmic CRF Limited Secures Trio of Orders, Bolstering Order Book
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Cosmic CRF Limited, a leading manufacturer of cold-rolled stainless steel sections, has announced a significant boost to its order book with the successful acquisition of 3 new contracts. The company revealed these developments on June 10, 2024, signifying continued growth and strong industry demand for their high-quality products.

Strengthening Strategic Partnerships

Two of the new orders originate from established partnerships within the Wagon Manufacturing Industry. These orders, valued at a combined ₹1,093.67 lakh (inclusive of GST), encompass the supply of CRF Sections for BOSM Wagon-300 Sets (Quantity: 300) and BOXNHL Wagons (Quantity: 61). Cosmic CRF’s expertise and proven track record in this sector have positioned them as a trusted supplier, ensuring timely completion of these orders within a 6-month timeframe.

Expanding Product Portfolio

The third order, valued at ₹1,286.67 lakh, marks a new collaboration within the Wagon Manufacturing Industry. This agreement entails the production and delivery of 400 sets of CRF Sections specifically designed for BOXNS Wagons. This order not only expands Cosmic CRF’s customer base but also highlights the versatility and adaptability of its product portfolio, catering to diverse wagon types and industry requirements.

Meeting Industry Demands with Efficiency

All three orders are expected to be completed within a 6-month timeframe, showcasing Cosmic CRF’s commitment to efficient production and timely deliveries. This focus on operational excellence ensures their clients can maintain their own manufacturing schedules without delays.

Looking Ahead

The successful acquisition of these three contracts underscores Cosmic CRF Limited’s strong position within the Indian cold-rolled stainless steel sections market. The company’s dedication to quality, diverse product offerings, and timely deliveries position them for continued growth and success in the years to come.

Recently, the company also paid the total consideration amount of %.28,76,01,000 for the acquisition of M/s N S Engineering Projects Pvt Ltd, which has allowed the Company’s entry into the iron & steel based Cold Rold Forming (CRF) products, Sheet Piles, High Mast Poles, Octagonal Poles and Galvanising of Iron & Steel products and other fabrication works etc.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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