RSTL receives 2 new orders aggregating to the tune of Rs. 264 mn

Rama SteelTubes Ltd (RSTL) prides in having a strong track record of being associated with prestigious projects in the past. It has received 2 new orders from H.P. State Civil Supplies Corporation Limited for its Jal Shakti Vibhag, Himachal Pradesh, total aggregating to ~Rs.264 MN. These orders are mainly for supply of ERW Galvanized Pipes. These orders will further strengthen RSTL's order book and credibility in the market.

Commenting on the announcement, Mr. Richi Bansal, Executive Director, Rama SteelTubes Limited, said "We are proud to announce that the Company has received orders for placing supply of ERW Galvanized Pipes under Jal Jeevan Mission Project in India.

Our sustained relation and credibility has yet again fructified in bagging us new prestigious orders. RSTL has been associated many State Corporations, even in the past and we celebrate our longstanding relationship with them. These orders will help us in strengthening our position and credibility in the market. These orders will also help us in achieving our targeted revenues at a slightly faster rate than what we had anticipated."

Shares of Rama Steel Tubes Limited was last trading in BSE at Rs. 405.75 as compared to the previous close of Rs. 395.30. The total number of shares traded during the day was 9271 in over 633 trades.

The stock hit an intraday high of Rs. 406.95 and intraday low of 391.05. The net turnover during the day was Rs. 3684823.00.

Source : Equity Bulls

Keywords

RamaSteelTubes INE230R01027 OrderWin JalJeevanMission