Texmo Pipes wins Rs48.40cr worth orders from HDPE Pipes contractors; Stock skyrockets 10%

The timeline for the execution of the order is three months.

May 21, 2021 03:05 IST India Infoline News Service

Texmo Pipes and Products won orders from multiple contractors of HDPE Pipes aggregating to Rs48.40cr.

The timeline for the execution of the order is 3-months.

The company's Promoters / Promoter Group do not have any interest in the entity that has awarded the order and the same do not fail under the 'Related Party Transactions.

At around 2.59 PM, Texmo Pipes is trading at Rs46.60 per piece up by 9.7% on Sensex.

In the early trading session, Texmo Pipes has hit a new 52-week high of Rs48 per piece on the same index. 

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