Orissa Bengal Carrier hits 52-weeek high after securing contract from Jindal Stainless

4 Jan 2022 , 09:28 AM

Orissa Bengal Carrier Limited stocks hit 52-week high on Tuesday after intimation of receipt and acceptance of LoI for a  tender with Jindal Stainless Ltd.

As per regulatory filing, the company has won the tender and received the LOI for the tender for transportation of materials of approximately 3 lakh tonnes of Jindal Stainless Limited within a period of 2 years starting from January 01, 2022 to December 31, 2023 and the approximate value of the above Tender shall be Rs100cr only.

“We have accepted the above LOI on January 01, 2022, said Orissa Bengal Carrier.

Orissa Bengal Carrier hits new 52-week high at Rs362.90 per piece during early trading hours on Sensex.

At around 9:28 Am, Jindal Stainless was trading at Rs198.05 apiece up by Rs2.55 or 1.3% on Sensex.