Anup Engineering bags order worth Rs102.90 crore; stock tumbles ~3.5%

The Anup Engineering Limited has informed that the company has secured orders worth Rs102.90 crore from Public Sector Refinery for Thermal & Mechanical Design, Detailed Engineering, Fabrication, Procurement, Testing, Inspection, Painting, and Supply of Heat Exchanger.

At around 2.43 PM, Anup Engineering’s counter was trading at Rs641.10, down by 3.49% against its previous close of Rs664.30 on BSE.

So far in the day, it hit intraday high and low of Rs670 and Rs627.25 respectively.

Anup Engineering Limited, a subsidiary of Arvind Limited and a member of the Indian conglomerate-Lalbhai Group, is a rising star in the fabrication of high-end process equipment (Reactors, Heat Exchangers, Columns, Pressure Vessels, and so on) for the oil and gas, petrochemicals, fertilizers, power, water, and aerospace industries.

The company has over 5 decades of expertise in its designated area.