Rama Steel Tubes touches roof on bagging new order from Uttar Pradesh Power Corporation
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Rama Steel Tubes is locked at its upper circuit limit of Rs. 311.15, up by 28.25 points or 9.99% from its previous closing of Rs. 282.90 on the BSE.
The scrip opened at Rs. 282.90 and has touched a high and low of Rs. 311.15 and Rs. 282.00 respectively. So far 269185 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 311.15 on 30-Dec-2021 and a 52 week low of Rs. 41.30 on 30-Dec-2020.
Last one week high and low of the scrip stood at Rs. 311.15 and Rs. 229.15 respectively. The current market cap of the company is Rs. 522.55 crore.
The promoters holding in the company stood at 62.33%, while Institutions and Non-Institutions held 0.12% and 37.55% respectively.
Rama Steel Tubes (RSTL) has bagged new order from Uttar Pradesh Power Corporation (UPPCL) aggregating to the tune of around Rs 4.33 crore. This order is mainly for supply of no's 2500 electrical poles amounting to around 580 MT. This order is in addition to the previous order received from UPPCL for no's 7000 poles amounting to nearly 1624 MT. These orders will further strengthen RSTL's order book and credibility in the market.
Earlier, in September 2021 the company had received orders from UPPCL (Lucknow), Jal Shakti Vibhag (Himachal Pradesh) and NPCL (Noida) and BSES (New Delhi) aggregating to Rs 42.90 crore.
Rama Steel Tubes is a leading player engaged in the manufacturing and trading of Steel Tubes & Pipes and Rigid PVC (Poly Vinyl Chloride) & G.I. (Galvanised Iron) Pipes in India as well as in the world.
