Isgec receives piping spools order from Tata Projects; Stock jumps 2%

The broad scope includes manufacturing of more than 115,000 inch-dia shop fabricated Piping Spools of high-end metallurgies.

Jun 17, 2021 01:06 IST India Infoline News Service

Isgec Heavy Engineering has received an order for the fabrication of Above Ground Piping Spools from Tata Projects Limited, India for one of the projects of national importance.

The broad scope includes manufacturing of more than 115,000 inch-dia shop fabricated Piping Spools of high-end metallurgies viz. Alloy Steel, Stainless Steel, and Incoloy for a major project in the Hydrocarbon sector.

At around 1.18 PM, ISGEC was trading at Rs609.30 per piece up by 1.7% on Sensex. The stock has touched an intraday high of Rs643 per piece on the index in early deals.

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