Maximus International's subsidiary secures purchase order worth Rs55 crore; Stock jumps ~3%
NLFL plans to further add other key petroleum products, supplied by MGF, in the coming years to grow its business and sales.
Source: indiainfoline.com
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Maximus subsidiary secures long-term purchase commitment
Vadodara (Gujarat) [India], September 2 (ANI/PRNewswire): Maximus International Limited (MIL) (BSE: MAXIMUS.BO) (BSE: 540401) is pleased to announce that its wholly-owned subsidiary, Maximus Global FZE (MGF), has entered into a long-term (3 years) supply arrangement of around 5 Million Litres (approximately Rs 550 Million as per current pricing) of bulk white oils and base oils with one of its larger customers namely Neo Lubritech FZ-LLC (NLFL), UAE. NLFL has been a distributor and wholesaler for MGF in the Middle East and North Africa (MENA) region for various bulk petroleum products. MGF and...
Source: laosnews.net