Surya Roshni bags order worth Rs608.63 crore from Indian Oil; stock marginally up

2 May 2022 , 09:21 AM

Surya Roshni Limited has informed that the company has obtained orders amounting to Rs608.63 crore (including GST) for the supply of API- 5L Grade X-70 3LPE Coated pipes and bare pipes from Indian Oil Corporation Limited.

The order is received for the states of Gujarat, Rajasthan, and Haryana.

Surya Roshni is expected to complete the order within 11 months.

Broad consideration of the order is worth Rs515.79 crore for supply of API SL Grade X-70 3LPE Coated pipe, 1,71,806 meter, and API SL – 1,104-meter bare pipe as per specified specifications.

Surya Roshni’s counter opened at Rs436 on the National Stock Exchange.

At around 9.24 AM, it was trading at Rs439, up by 0.33% against its previous close of Rs437.55.