Shares of Sprayking Limited surged over 5% in early trading on Monday after the company announced that its subsidiary, Narmadesh Brass Industries Limited, has secured a significant procurement contract worth approximately INR 50 million. The contract, awarded by Green Metals FZCO, involves the supply of brass billets and is set to be executed within 45 days of the agreement.
This international contract is a major milestone for Narmadesh Brass Industries, marking its expansion into the global market. The company also highlighted that the deal does not involve any related party transactions, ensuring full transparency.
Sprayking Limited is focused on bolstering its position as a leading manufacturer and exporter of brass forged and turned components. This new contract is expected to enhance the company’s reputation and further drive growth and profitability in the brass industry.
As of 9:35 am, Sprayking shares were trading 5.77% higher at ₹15.40 on the BSE.
