The order, valued at Rs 127.20 crore, will be executed in multiple tranches over a period of 90 to 480 days from the date of issuance of the letter of acceptance (LOA).

The contract has been awarded by a domestic entity, and there is no interest of the promoter, promoter group, or group companies in the awarding entity. The transaction does not fall under related party transactions.

Panacea Biotec is one of India’s leading research-based biotechnology companies engaged in the business of research, development, manufacture and marketing of vaccines in India and international markets.

The company reported consolidated net profit of Rs 4.05 crore in Q1 FY26 as against net loss of Rs 15.80 crore in Q1 FY25. Revenue from operations jumped 44.1% year on year to Rs 166.70 crore in Q1 FY26.