Core Announcement – Order Details
Awarding Entity: Office of the Jute Commissioner, Ministry of Textiles, Government of India
Domestic/International Order: Domestic (India)
Nature of Order/Contract:
Supply of 580 gms B-Twill Sacking Type-A & Type–B Jute bags to various State Procurement Agencies. The price fixation is regulated by the Office of the Jute Commissioner under the Jute & Jute Textiles Control Order, 2016.
Order Value:
Not specified for the original contract. The price revision is expected to increase sales realization by ₹19 crores approximately.
Materiality Context:
The disclosure is made because the financial impact of the price revision exceeds the materiality threshold specified under SEBI LODR Regulation 30(4)(i)(c).
Execution Timeline:
The price revision applies to supplies made from January 2021 to December 2023.
Revenue Recognition / Billing Structure:
Not Specified
Key Terms & Payment Milestones:
Not Specified
Whether Related Party Transaction:
No
Promoter Group Involvement:
Not Specified
Financial Implication:
The revision in maximum ex-factory prices is expected to increase the value of sales realization by approximately ₹19 crores on the Government B-Twill Bags supplied by the Company for the period from January 2021 to December 2023.