East India Drums and Barrels jumps on bagging Rs 4.59 crore contract from Indian Oil Corporation
East India Drums and Barrels Manufacturing is currently trading at Rs. 104.15, up by 2.05 points or 2.01% from its previous closing of Rs. 102.10 on the BSE.
The scrip opened at Rs. 106.80 and has touched a high and low of Rs. 106.80 and Rs. 103.00 respectively. So far 168 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 148.00 on 25-Aug-2025 and a 52 week low of Rs. 27.04 on 01-Apr-2025.
Last one week high and low of the scrip stood at Rs. 116.90 and Rs. 99.00 respectively. The current market cap of the company is Rs. 153.87 crore.
The promoters holding in the company stood at 94.76%, while Non-Institutions held 5.24% stake in the company.
East India Drums and Barrels Manufacturing has received a Letter of Acceptance (LoA) from Indian Oil Corporation for the procurement and supply of 1.0 mm MS Plain and Epoxy Coated Barrels for locations including LBP Taloja, LBP Trombay, LBP Mumbai, LBP Silvassa, and LBP Khapri, for a period of 12 months. The total contract value is Rs 4.59 crore. The barrels will be supplied to Silvassa.
The receipt of this LoA underscores the company’s strong and longstanding relationship with Indian Oil Corporation and reflects the continued trust in its manufacturing capabilities, quality standards, and timely execution. This order further strengthens its order book and is expected to contribute positively to the company’s operational performance.
