GTV Engineering touches roof on receiving LoI worth Rs 14.51 crore
GTV Engineering is currently trading at its upper circuit limit of Rs. 1109.95, up by 52.85 points or 5.00% from its previous closing of Rs. 1057.10 on the BSE.
The scrip opened at Rs. 1064.00 and has touched a high and low of Rs. 1109.95 and Rs. 1064.00 respectively. So far 4505 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 1199.00 on 12-Jun-2025 and a 52 week low of Rs. 395.00 on 12-Aug-2024.
Last one week high and low of the scrip stood at Rs. 1109.95 and Rs. 995.30 respectively. The current market cap of the company is Rs. 346.69 crore.
The promoters holding in the company stood at 64.44%, while Non-Institutions held 35.56% stake in the company.
GTV Engineering has received letter of intent (LoI) from M/s Gebr. Pfeiffer (India) to supply 5 nos cement/coal/raw mill static parts, separating wheel, gap type seal & water nozzle required at JSW CM & Saint Gobain GC & Gold Crest KHD and Wonder RM & KM in 8 months in accordance with the technical specifications and the Terms and Conditions specified in the Letter of Intent with a total value of supplies is Rs 14.51 crore excluding GST.
GTV Engineering’s major business is a Hi-Tech Heavy Steel Fabrication & Machining Company working as sub-contractors for various Giant Engineering companies and is engaged in the execution of several Infrastructural Projects (Power / Mineral / Cement / Railways & Metros projects).
