Surya Roshni bags orders worth Rs110.53 crore; stock adds ~1%

25 Oct 2022 , 09:18 AM

Surya Roshni Limited informed that it has obtained orders worth Rs110.53 crore (including GST) for the supply of API- 5L 3LPE Coated ERW pipes and bare pipes from Indian Oil Corporation Limited, Adani Total Gas Limited, and SKN- Haryana City Gas.

The company intends to complete Adani Total Gas’ order within a period of 2 months. While Indian Oil and SKN-Haryana City orders are to be completed within 6 months and 4 months respectively.

The total value of order received from Adani Total is Rs14.67 crore. The company received an Rs89.50 crore order from Indian Oil and a Rs6.36 crore order from SKN-Haryana City.

The order received from Adani Total extends to Mundra and Udipi. IOCL’s order is applicable to the states of Gujarat, Rajasthan, Haryana, and Tamil Nadu. SKN-Haryana City order extends to Gurgaon.

At around 9.23 AM, Surya Roshni was trading at Rs439.55 up by 0.8% from its previous closing of Rs436.05 on the BSE. The scrip opened at Rs439.40 and touched intraday high and low of Rs439.55 and Rs436.20 respectively.

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