Ratnamani receives a domestic order worth Rs216cr; stock gains 3%

It has received a domestic order for the supply of coated CS Pipes for Oil & Gas Sector.

Sep 28, 2020 01:09 IST India Infoline News Service

Ratnamani Metals and Tubes
Shares of Ratnamani Metals & Tubes extended gains for the second straight session on the stock exchanges. The company has received a domestic order in the company's Carbon Steel Division, for the supply of coated Carbon Steel pipes for the oil & Gas sector.

"Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informed the exchanges that the Company has received a Domestic Order of Rs216cr in Carbon Steel Division of the Company for the supply of coated CS Pipes for Oil & Gas Sector to be executed between January, 2021 to January, 2022," the company said. 

Ratnamani Metals & Tubes Ltd is currently trading at Rs1,232.95 up by Rs34.4 or 2.87% from its previous closing of Rs1,198.55 on the BSE.

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