WPIL zooms after its arm secures contract from METSI KE MATLA JV
WPIL is currently trading at Rs 405.55, up by 18.75 points or 4.85% from its previous closing of Rs 386.80 on the BSE.
The scrip opened at Rs 401.00 and has touched a high and low of Rs 422.90 and Rs 401.00 respectively. So far 280203 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 1 has touched a 52-week high of Rs 768.00 on 08-Jan-2025 and a 52-week low of Rs 345.55 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs 422.00 and Rs 380.50 respectively. The current market cap of the company is Rs 4034.29 crore.
The promoters holding in the company stood at 70.80%, while Institutions and Non-Institutions held 8.16% and 21.04% respectively.
WPIL’s South African subsidiary has received a contract from METSI KE MATLA JV for complete electro mechanical and instrumentation works for MCWAP2 Project of Trans Caledon Tunnel Authority (South Africa) for a total value of around Rs 426 crore to be commissioned in 48 months. The said Contract does not fall within related party transaction.
WPIL is mainly engaged into manufacturing of vertical pumps, horizontal pumps, grey iron, castings and sluice valves.
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