Surya Roshni bags orders from ONGC, HPCL & Gujarat Gas

Surya Roshni Ltd is currently trading at Rs207.10 up by Rs3.15 or 1.54% from its previous closing of Rs203.95 on the BSE.

Oct 23, 2020 02:10 IST India Infoline News Service

Surya Roshni Limited informed the exchanges on Friday that the Company has obtained orders aggregating to Rs137.11cr (excluding GST) for supply of ERW 3LPE Coated Grade line Pipes to ONGC, HPCL & Gujarat Gas Limited (GGL) for CGD and gas pipe line projects.

ONGC has awarded Surya Roshni an order for the supply of 3LPE coated ERW CS line pipes API grade for gas project in Gujarat. The total value excluding GST of the whole project is Rs 16.20 crores. This domestic project of supply for line will have to be executed in six months by the company.

HPCL has placed an order amounting to Rs 50.91 crores for the supply of 3LPE Coated Grade CS Line pipes for its CGD project. The project territory is in Howrah & Hooghly (West Bengal) and the order will have to be completed in 24 weeks.

Gujarat Gas Limited has awarded an order for the supply of 3LPE Coated Steel pipes for gas projects in Gujarat, Punjab, Haryana, Madhya Pradesh and Rajasthan. The total amount of the order is Rs 70 crores and will have to be fulfilled in 10 months time.
Surya Roshni Ltd is currently trading at Rs207.10 up by Rs3.15 or 1.54% from its previous closing of Rs203.95 on the BSE.
The scrip opened at Rs203.90 and has touched a high and low of Rs211.40 and Rs203.90 respectively.

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