REMI EDELSTAHL TUBULARS LIMITED receives order worth Rs. 21 crores

REMI EDELSTAHL TUBULARS LIMITED has received orders for Stainless Steel pipes & tubes worth of Rs.21.00 Crores approx. (Rupees Twenty One Crore only) (net of GST) in the month of November, 2024. These Niche products will be supplied to various leading companies who are operating in the Thermal & Nuclear Power / Oil & Gas / PetrochemicaV Defense / Equipment manufacturers / EPC sectors. This includes order for High thickness Stainless Steel welded pipes which will be made for the first time in India. Part supplies will be made during the current financial year and balance in the following financial year.

The Company has been working to increase its Geographic presence and pleased to inform that some Product approvals are received from Oil & Gas majors in the Middle East.

The company has received the said orders in normal course of business. The said transactions ale not falling under related party hansactions and is done at arm's length basis.

Shares of Remi Edelstahl Tubulars Limited was last trading in BSE at Rs. 93.20 as compared to the previous close of Rs. 96.63. The total number of shares traded during the day was 1907 in over 42 trades.

The stock hit an intraday high of Rs. 96.14 and intraday low of 93.05. The net turnover during the day was Rs. 179349.00.

Source : Equity Bulls

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