Stock Report

Tolins Tyres Secures IRT Rate Contract for Supply to Tamil Nadu State Transport Undertakings

Posted On : 2025-11-04 00:08:43( TIMEZONE : IST )

Tolins Tyres Limited ("Tolins Tyres") is pleased to announce that it has been selected as one of the successful evaluated firms under a Rate Contract issued by The Institute of Road Transport (IRT) for the supply of tyre retreading materials to all State Transport Undertakings (STUs) in Tamil Nadu.

The decision was taken by the Tender Award Committee (TAC) on October 8, 2025. The contract is effective for six months from October 31, 2025, or until the finalization of the next tender, whichever is later.

Under this award, Tolins Tyres has been allotted monthly quantities for all three materials across all eight STUs in Tamil Nadu. The approved basic price for all three materials shall remain firm for the duration of the contract, providing price certainty to customers and supporting continuity in our margin profiles through the contract period.

Commenting on the development, Dr. KV Tolin, Promoter Tolins Tyres, said: "This win reinforces our reputation for quality, reliability, and our unwavering commitment to supporting public transport operators. By consistently supplying ASRTU-specified retreading materials across Tamil Nadu's State Transport Undertakings (STUs), we aim to help maximize fleet uptime, enhance safety, and reduce lifecycle costs. The contract has also been structured to ensure that we maintain our current margins."

Key Highlights

- Contracting Authority: The Institute of Road Transport (IRT).
- Customer: All eight State Transport Undertakings (STUs) in Tamil Nadu.
- Scope: Rate Contract for supply of tyre retreading materials (three materials).
- Tenure: Six months from October 31, 2025, or until the next tender is finalized, whichever is later.
- Broad consideration: Rs. 40-50 crores
- Allocation: Monthly quantities for all three materials across all eight STUs.
- Pricing: The basic price, as approved, is fixed for the duration of the contract.

This contract reinforces Tolins Tyres' position as a key supplier of high-quality, ASRTU-specified retreading materials in South India, aligning with the Company's focus on quality, reliability, and minimizing downtime for public transport fleets.

Shares of Tolins Tyres Limited was last trading in BSE at Rs. 186.90 as compared to the previous close of Rs. 186.15. The total number of shares traded during the day was 30505 in over 408 trades.

The stock hit an intraday high of Rs. 190.65 and intraday low of 181.30. The net turnover during the day was Rs. 5637719.00.