Loyal Equipments skyrockets ~14% on securing new order from GAIL

10 Oct 2022 , 01:36 PM

Loyal Equipments’ counter surged up to 14% in Monday afternoon trade as the company announced a work order receipt from GAIL India.

At around 1.30 PM, Loyal Equipments was trading 13.85% higher at Rs37, against the previous close of Rs32.50 on BSE.

The company announced that it has received new work order worth Rs15.10 crore from GAIL.

The scope of the order includes Engineering, Procurement Manufacturing, Inspection & Supply of Heat Exchanger Fin Tubes.

The company is expected to complete the order within a period of 11 months.

Loyal Equipments Limited is an ISO certified, ASME U, U2, and NB Stamp holder, and a well-known reputed company in India for the design, manufacturing, supply, and erection/commissioning of process equipment such as Pressure Vessels, Shell & Tube Heat Exchanger, Storage Tanks, Air Cooled Heat Exchanger, Pressure Receivers, Chimney, Heavy Structural Items, Skids, Base Plates, etc.

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