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15-10-2024 03:50 PM | Source: Accord Fintech
Gujarat Toolroom soars on securing new order worth Rs 31 crore from Reliance Industries

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Gujarat Toolroom is currently trading at Rs. 13.89, up by 0.19 points or 1.39% from its previous closing of Rs. 13.70 on the BSE.

The scrip opened at Rs. 14.37 and has touched a high and low of Rs. 14.38 and Rs. 13.85 respectively. So far 12775482 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 45.97 on 11-Mar-2024 and a 52 week low of Rs. 10.75 on 14-Aug-2024.

Last one week high and low of the scrip stood at Rs. 14.38 and Rs. 11.51 respectively. The current market cap of the company is Rs. 230.28 crore.

The Institutions holding in the company stood at 0.13%, while Non-Institutions held 99.87% in the company.

Gujarat Toolroom has been awarded a new order worth Rs 31 crore from Reliance Industries for the supply of additional construction materials. This order is expected to be completed within the next two months, further strengthening its ongoing collaboration with Reliance Industries.

Additionally, the company has successfully completed an order worth Rs 29 crore for construction supplies to Reliance Industries on October 14, 2024. This order was previously secured on March 5, 2024 and marks a critical milestone in its partnership with one of India’s most prominent conglomerates. The successful execution of this project demonstrates its ability to deliver high-quality solutions within the stipulated timeline.

These two orders bring the cumulative order value from Reliance Industries to a substantial Rs 60 crore. The continuation of this partnership reinforces the trust Reliance Industries places in Gujarat Toolroom, affirming its position as a dependable provider of construction supplies

Gujarat Toolroom specializes in building high production multi-cavity moulds. The company offers a complete moulding solution to its customers. They can conduct trials and pilot runs of moulds develoiped by them. They have a range of CNC moulding machines and supply finished plastic moulded precision parts at very competitive rates.