Surya Roshni surges on bagging order worth Rs 110.53 crore
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Surya Roshni is currently trading at Rs. 437.80, up by 1.75 points or 0.40% from its previous closing of Rs. 436.05 on the BSE.
The scrip opened at Rs. 439.40 and has touched a high and low of Rs. 439.55 and Rs. 436.20 respectively. So far 299 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 715.00 on 25-Oct-2021 and a 52 week low of Rs. 336.05 on 16-Aug-2022.
Last one week high and low of the scrip stood at Rs. 471.05 and Rs. 428.00 respectively. The current market cap of the company is Rs. 2372.50 crore.
The promoters holding in the company stood at 62.96%, while Institutions and Non-Institutions held 1.22% and 35.82% respectively.
Surya Roshni has obtained orders amounted to Rs 110.53 crore (including GST) from Adani Total Gas, Indian Oil Corporation and SKN- Haryana City Gas Distribution. The company has bagged order from Adani Total Gas and Indian Oil Corporation for supply of API 5L 3LPE Coated / Bare pipes for Rs 14.67 crore and Rs 89.50 crore respectively. SKN-Haryana City Gas Distribution awarded contract for supply of API 5L 3LPE Coated ERW pipes of Rs 6.36 crore.
Surya Roshni is into the business of manufacturing electric resistance welded (ERW) steel pipes & lighting products, with facilities at Bahadurgarh (Haryana), Kashipur (Uttarakhand) and Malanpur (Madhya Pradesh).
