Kothari Industrial Corporation shares gained 1.81% to ₹147.03 following the announcement of a significant contract win. According to latest reports, the company has received a letter of acceptance (LOA) from Tiruppur City Municipal Corporation for a project worth ₹24.93 crore. The contract involves providing food services under the Perunthalaivar Kamarajat Moming Breakfast Scheme to school children from the common kitchen located at Anupparpalayam Government Higher Secondary School premises.
As reported by Business Standard, the LOA specifies an approximate three-year cost for school working days. The company is required to furnish the security deposit within 7 days from receipt of the LOA and execute the agreement within 15 days. This timeline provides clear expectations for the contract implementation and execution process. The contract has been awarded for the company's bid dated September 3, 2026, and will see Kothari Industrial Corporation serve as the food service provider for schools in Wards 11, 31, 47, and 41 of Tiruppur City Municipal Corporation, with a per-packet price of ₹9.08.
Trading volume reached 51,814 shares today, representing a decrease of 57.66% compared to the one-week average volume. Despite the lower trading activity, Kothari Industrial Corporation remained flat year-over-year, outperforming the NIFTY50 index's 8.17% loss. The company has shown a weekly increase of 9.87%, building on recent gains following the contract announcement.
According to Business Standard, Kothari Industrial Corporation is a Chennai-based diversified conglomerate with presence across multiple verticals including fertilizers, industrial chemicals, minerals, sustainable industrial solutions, drone division, Kothari Public school, facility management services, hospitality and aviation services. The company had reported a consolidated net loss of ₹28.90 crore in the quarter ended June 2026, compared to a net loss of ₹1.92 crore during the previous quarter ended June 2025. Sales rose 33.78% to ₹52.44 crore in Q1 FY27 over Q1 FY26.
