Knack Packaging Secures New Order & Contract Renewal Worth ₹150 Crore Annually
Knack Packaging Limited secured a new order and contract renewal with a leading US-based animal nutrition company. The contract, valid until December 2028, involves supplying 60 million bags annually, valued at approximately ₹150 Crores per annum.
The order is substantial, valued at ₹150 Crores per annum for three years, which is expected to have a positive impact on the company's revenue and market position. However, it does not represent a complete transformation of the business.
The announcement details a significant new order and contract renewal, indicating business growth and a positive outlook for the company.
Knack Packaging Limited has announced the receipt of a new order and the renewal of an existing contract with a major international private corporation, described as a leader in Animal Nutrition and Feed Company in the United States of America.
The contract is for a period of three years, with the company set to supply packaging materials, specifically PLWPP Bags and Pinch Bottom Bags. This supply is estimated to aggregate approximately 60 million bags per annum.
The approximate value of this new order and contract renewal is ₹150 Crores per annum. The contract is set to run until December 2028. The company has confirmed that the awarding entity is an international entity, and there is no conflict of interest or related party transaction involved.
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Knack Packaging Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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