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.
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