Master Components Bags a Purchase Order Worth ₹18.50 Lakh
In a significant development, Master Components Limited, a renowned plastic engineering components manufacturer, has secured a domestic purchase order worth ₹18.50 lakh (excluding tax) for robots for injection moulding machines. This acquisition is expected to play a crucial role in supporting the company’s future projects and expansion plans.
The purchase order, which was awarded to Master Components Limited, is a testament to the company’s expertise and reputation in the plastic engineering components manufacturing industry. The company’s robots for injection moulding machines are designed to enhance the efficiency and productivity of the injection moulding process, making it an attractive proposition for manufacturers looking to improve their production processes.
The payment terms for the purchase order are structured in a way that supports the company’s cash flow management. According to the agreement, Master Components Limited will receive 30% of the payment as an advance, followed by 60% payment before dispatch, and the remaining 10% payment after installation of the robots.
The company expects the execution of the purchase order to be completed within 45 days of the order being placed. This timeline allows Master Components Limited to plan its production and logistics accordingly, ensuring that the delivery of the robots is done without any delays.
The acquisition of these robots is expected to have a positive impact on Master Components Limited’s business operations. The company’s injection moulding machines are designed to cater to the needs of various industries, including automotive, consumer goods, and healthcare. The robots will enable the company to improve the quality and efficiency of its products, allowing it to enhance its competitiveness in the market.
Master Components Limited has been in operation since 1999 and has established itself as a reliable player in the plastic engineering components manufacturing industry. The company’s products are known for their high quality and precision, making it a preferred choice among manufacturers.
The company’s ability to secure a purchase order worth ₹18.50 lakh is a significant achievement, especially in the current economic climate. The acquisition of these robots is a strategic move that will enable Master Components Limited to stay ahead of the competition and achieve its business objectives.
In conclusion, the purchase order worth ₹18.50 lakh secured by Master Components Limited is a significant development that underscores the company’s expertise and reputation in the plastic engineering components manufacturing industry. The acquisition of these robots is expected to have a positive impact on the company’s business operations, enabling it to improve the quality and efficiency of its products.
