Cupid loses order worth Rs10.50cr due to Tauktae Cyclone disruptions

Uttar Pradesh Medical Supplies Corporation cancels order for the supply of ‘COVID - 19 Antigen Based Rapid Test Kits’ as the company was not able to deliver it as per schedule.

Jun 14, 2021 01:06 IST India Infoline News Service

Cupid Limited informed the exchanges that the order received from Uttar Pradesh Medical Supplies Corporation Limited for the supply of "COVID - 19 Antigen Based Rapid Test Kits" has been canceled as the company was not able to deliver it as per the agreed delivery schedule due to disruption in activities in view of Tauktae Cyclone.

Cupid on May 6 had received a purchase order from UP Medical Supplies Corporation for supply of “COVID – 19 Antigen Based Rapid Test Kits” worth Rs10.50cr.

“We are excited to receive this repeat order to supply Test Kits”, Omprakash Garg, CMD, Cupid Limited, had said in the May 6, 2021, release.

At around 1.40 PM, Cupid Ltd was trading at Rs223.35 per piece down by Rs1.65 or 0.73% from its previous closing of Rs225 per piece on the BSE.

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