I believe I found the tender awarded to the company. I’ll admit I got the info about the type of boat wrong – the tender is not for FICs. I didn’t see any tenders for FIC issued by the DEO. Instead it is for fast passenger boats, so the question of FICs remaining idle probably does not arise. The tender mentions the minimum number as 10 boats, and similar tenders have differing quantities, so this is the most likely one.
The tender award amount is not mentioned. I’ll make an educated guess based on the Earnest Money Deposit of 5.5 lakhs, because there are guidelines for the tender issuer to determine the EMD. It is around 2 to 5 percent of the estimated value (going by either Defence Procurement Manual or Ministry of Finance manual for procurement of goods), which gives me a bound of 1.10-2.75 crores as revenue. This is quite substantial IMHO, given it’s effect on EPS, even if it is a one-time event.
Disclosure: invested (500 shares @ ~38)
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