Inflame Appliances Ltd receives Large Single Order for Chimneys

Inflame Appliances Ltd has received one of its largest orders for Chimneys across different SKUs totalling +36,000 chimneys from a single customer who is one of the largest players in the home solutions and kitchen appliances business in India. This totals an order size of Rs 15.4 crore making it our single largest order. The order is scheduled for manufacture and supply from our Panchkula, Haryana plant, and executable over the next 2 months.

Commenting on the development, Mr Aditya Kaushik, Managing Director, said "This order reaffirms our positioning as a quality manufacturer and cements our position as a leading manufacturing and supplier of Chimney in India. The faith reposed in us by the brand, which is a leading home solutions and kitchen appliances brand in India, gives us confidence to keep providing the best quality product at the most competitive price in India to our partner brands.

We are on track with our new facility at Hyderabad and will offer us the additional capability to provide high quality products at competitive prices to our customers around the region.

We are enthused by this, even as we are targeting several large and recognised brands to be added to our portfolio over the next few quarters as well as expand our products offerings in the kitchen appliances category. We continue in our vision to become a large supplier to key brands in our focus category, namely, kitchen appliances."

Shares of Inflame Appliances Ltd was last trading in BSE at Rs. 574.50 as compared to the previous close of Rs. 554.80. The total number of shares traded during the day was 17250 in over 64 trades.

The stock hit an intraday high of Rs. 587.00 and intraday low of 551.00. The net turnover during the day was Rs. 9926437.00.

Source : Equity Bulls

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InflameAppliances INE464Z01017 OrderWin Chimneys