Rudra Gas Enterprise Ltd receives order from BPCL

Rudra Gas Enterprise Ltd has received Letter of Award from Bharat Petroleum Corporation Limited amounting to Rs.33,21,82,937/- (Thirty-Three Crore Twenty-One Lakh Eighty-Two Thousand Nine Hundred Thirty-Seven Rupees and Zero Paisa Only) (excluding taxes).

The order is for MDPE Pipeline laying & associated works (Phase-III) along with Last Mile Connectivity (LMC) and Direct Marketing Agency (DMA) activity for City Gas Distribution Projects at Alipurduar & Coochbehar in State of West Bengal.

The time period for complete scope of work awarded shall be Eight (08) months. i.e. Seven (07) months for mechanical and one (01) month for commissioning. The effective date of order will be letter of award from BPCL for each PART.

Shares of Rudra Gas Enterprise Limited was last trading in BSE at Rs. 70.08 as compared to the previous close of Rs. 69.22. The total number of shares traded during the day was 31000 in over 28 trades.

The stock hit an intraday high of Rs. 71.00 and intraday low of 69.05. The net turnover during the day was Rs. 2180090.00.

Source : Equity Bulls

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