Ador Welding bags order worth Rs145 crore from ONGC, Uran; stock gains ~1%

21 Jul 2022 , 11:21 AM

Ador Welding Limited informed that the company has received a Letter of Award (LOA) of Rs145 crore inclusive of all taxes, duties & levies including GST @ 18%, from ONGC, Uran.

The scope of work includes Design, Engineering, Supply, Erection & Commissioning of the Demountable Flare Stack Project at their (ONGCs) Uran Plant.

The order is expected to be completed within a period of 30 months. The order received is an LSTK order, which is domestic in nature.

Ador Welding Limited is a Mumbai-based industrial manufacturing company. Ador Welding, the Ador Group’s flagship company, manufactures a wide range of welding products, industry applications, and technology services, including welding consumables and welding and cutting equipment.

At around 11.25 AM, Ador Welding was trading at Rs787.75 per piece, up by Rs4.35 or 0.56% from its previous closing of Rs783.40 on the BSE. The scrip opened at Rs802 and has touched intraday high and low of Rs802 and Rs786 respectively.