Surya Roshni surges on obtaining orders worth Rs 214.68 crore
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Surya Roshni is currently trading at Rs. 579.55, up by 18.85 points or 3.36% from its previous closing of Rs. 560.70 on the BSE.
The scrip opened at Rs. 565.50 and has touched a high and low of Rs. 584.65 and Rs. 563.65 respectively. So far 9211 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 841.50 on 11-Jan-2024 and a 52 week low of Rs. 467.15 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 584.65 and Rs. 532.00 respectively. The current market cap of the company is Rs. 6306.54 crore.
The promoters holding in the company stood at 62.96%, while Institutions and Non-Institutions held 5.89% and 31.14% respectively.
Surya Roshni has obtained two orders amounted to Rs 214.68 crore (with GST). The company has received first order worth Rs 106.01 crore (including GST) from Hindustan Petroleum Corporation (HPCL) for supply of API 5L Gr. X, 3LPE Coated Line Pipes for Rajasthan & Jharkhand. The order is expected to be executed in 40 weeks.
The company has bagged another order worth Rs 108.67 crore (including GST) from Domestic entity for supply of Food Grade Epoxy Coated, Spirally Welded HSAW MS pipes for Madhya Pradesh. The order is expected to be executed in 15 weeks.
Surya Roshni is into the business of manufacturing electric resistance welded (ERW) steel pipes & lighting products.
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