Beardsell has bagged contracts worth $3.57 million (₹25 crore) from the Pharmaceuticals Fund and Supply Agency, an Ethiopian government agency, for supply of items. The supply has to be completed by December 31. The payment is assured by international Letters of Credit, which has been the standard payment system of the government.
Shareholders will closely monitor the execution. It had reported a profit of ₹40 lakh on revenues of ₹41.21 crore in Q1 of FY19.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.