Surya Roshni spurts over 7% on receiving orders of Rs272.86cr

The orders are for the supply of coated API Line Pipes to GAIL and Indradhanush Gas Grid Limited for North-East Gas Grid Pipe Line project.

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

Surya Roshni Limited has received orders of Rs272.86cr (excluding GST) for supply of coated API Line Pipes to GAIL (India) Limited and Indradhanush Gas Grid Limited (IGGL) for North-East Gas Grid Pipe Line project.

The company is currently trading at Rs207.95, up by Rs13.9 or 7.16% from its previous closing of Rs194.05 on the BSE. The scrip opened at Rs202 and has touched a high and low of Rs212.85 and Rs202 respectively.

The company informed the exchanges on Sunday that the first service is supply of coated API Line Pipes for Mumbai-Nagpur - Jharsuguda pipe line project in Buldana district Maharashtra for Rs61.57cr to be completed in eight months.

The second services is supply of coated API Line Pipes for North-East Gas Grid Line Project in district Golaghat in Assam for Rs211.29cr to be completed in 60 weeks. 

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