Ratnamani Metals stock surges on receiving suppy order of Rs148.95cr for carbon steel line pipes

The order is expected to be executed by May next year.

Sep 08, 2021 02:09 IST India Infoline News Service

Ratnamani Metals and Tubes
Ratnamani Metals & Tubes on Wednesday announced that the company has received an order worth Rs148.95cr for the supply of carbon steel line pipes. The order is expected to be executed by May next year.

In its regulatory filing today, Ratnamani said that "we are pleased to inform you that the Company has received a Domestic Order of Rs148.95cr (excluding GST) for supply of Carbon Steel Line pipes from Oil & Gas sector, to be executed by May, 2022."

At around 2.32 pm, Ratnamani was trading at Rs2145.95  per piece up 0.7% on Sensex.

The stock has touched an intraday high and low of Rs2148.10 per piece and Rs2116.65 per piece respectively. 

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