 "Srikalahasthi Pipes gains on winning orders worth Rs 1,053 crore")
Srikalahasthi Pipes is trading higher by 7% to Rs 270 on the BSE after the company said it has received orders worth Rs 1,053 crore during December 2015 for supply of ductile iron pipes.
“Out of this Rs 1,053 crore, Rs 891 crore orders are for Telangana Drinking Water Supply Project (popularly known as “Telangana Water Grid”),” Srikalahasthi Pipes said in a statement.
These orders are mainly from major infrastructure companies which includes Larsen & Toubro (L&T), NCC, Megha Engineering and Infrastructures, Indian Hume Pipes, KLSR Infratech amongst others, it added.
The stock has hit a high of Rs 275 on the BSE with a combined 210,125 shares changed hands on the counter on the BSE and NSE till 10:56 a.m.
“Out of this Rs 1,053 crore, Rs 891 crore orders are for Telangana Drinking Water Supply Project (popularly known as “Telangana Water Grid”),” Srikalahasthi Pipes said in a statement.
These orders are mainly from major infrastructure companies which includes Larsen & Toubro (L&T), NCC, Megha Engineering and Infrastructures, Indian Hume Pipes, KLSR Infratech amongst others, it added.
The stock has hit a high of Rs 275 on the BSE with a combined 210,125 shares changed hands on the counter on the BSE and NSE till 10:56 a.m.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%