Kothari Industrial Corporation has secured a ₹2.54 crore contract from Integral Coach Factory for comprehensive material-handling services at Chennai's Shell Depot. According to the latest regulatory filing, the one-year contract commences within one day, modestly expanding the company's railway services order book. The contract (Tender No. SD-OT-MHE-01-26) covers comprehensive material handling services at the Shell Depot, ICF, Chennai, involving deployment of material handling equipment and manpower, including 3-ton and 6-ton forklift trucks, a 16 MT mobile crane, JCB, high reach stacker, material handling assistants, and supervisors. The total consideration stands at ₹2,54,21,938.88 (inclusive of applicable GST) with an execution tenure of 365 days.
Kothari Industrial Corporation has secured letters of acceptance from six municipalities in Tamil Nadu for providing food services under the Perunthalaivar Kamarajar Breakfast Scheme to municipal school children. According to the company's regulatory filing to BSE on August 25, the aggregate value of these letters of acceptance totals ₹12.02 crore for a three-year period from August 24, 2025. The contracts were awarded through domestic entities and relate to catering services under the state breakfast programme, with formal work orders to be issued after required security deposits and agreements are signed.
The largest contract worth ₹4.31 crore has been awarded by Srivilliputhur Municipality, followed by ₹2.46 crore from Pattukkottai Municipality and ₹1.63 crore from Musiri Municipality. The remaining contracts include ₹1.32 crore from Thuraiyur Municipality, ₹1.38 crore from Adirampattinam Municipality, and ₹93.28 lakh from Koothanallur Municipality. The company disclosed that it must provide prescribed food services in line with respective tender documents and applicable conditions, with food supply arrangements varying across municipalities - some involving common kitchens while others cover breakfast services within municipal limits.
The contracts involve providing food services under the Perunthalaivar Kamarajar Breakfast Scheme, which specifically targets municipal school children across Tamil Nadu. As reported in the regulatory filing, the programme is aimed at serving morning meals to children enrolled in schools administered by the participating municipalities. For Thuraiyur, Musiri, Koothanallur and Srivilliputhur, food will be supplied from identified common kitchens located on municipal office premises, while Pattukkottai and Adirampattinam contracts cover breakfast services within their respective municipal limits. The three-year duration indicates a long-term commitment to providing consistent food services across all selected municipalities.
The ₹12.02 crore contract represents approximately 24.2% of the company's average quarterly revenue of ₹49.70 crore. According to the latest financial data, the company's total disclosed order book now stands at ₹24.01 crore across 3 orders in the last 3 fiscal quarters, covering approximately 0.48 quarters of average quarterly revenue. This backlog demonstrates the company's growing presence in the municipal services segment, with the combined contract value standing at ₹24,01,10,199.20 for the full three-year period. The formal work orders will be issued after required security amounts are deposited and agreements are signed as specified in each Letter of Acceptance.
Kothari Industrial Corporation shares are currently down 2.13% to ₹152.23 following recent trading activity, though the stock has shown resilience with a 4.93% gain over the last week. Trading volume reached 6,627 shares today, representing a 44.18% decrease from the one-week average volume. The company's stock performance reflects market response to the latest contract announcements. Recent trading data shows shares were last trading at ₹155.40 on BSE compared to the previous close of ₹143.00, with the stock hitting an intraday high of ₹157.50 and low of ₹140.90. The net turnover during the day was ₹11,03,789.00 with 7,177 shares traded across 191 trades.
