Business Standard

Ratnamani Metals surges 7% on winning Rs 591 crore-line pipe order

The company has received a new domestic line pipe order for Rs 591 crore from the oil & gas sector, to be executed between August 2022 and March 2023.

Water
Premium

SI Reporter Mumbai
Shares of Ratnamani Metals & Tubes hit a record high of Rs 2,449, on rallying 7 per cent on the BSE in Tuesday’s intra-day trade after the company won an on order worth Rs 591 crore. The stock surpassed its previous high of Rs 2,329.15 touched on March 2, 2022. In comparison, at 10:27 am, the S&P BSE Sensex was down 0.51 per cent to 56,999 points. 

“The company has received a new domestic line pipe order for Rs 591 crore from the oil & gas sector, to be executed between August 2022 and March 2023,” Ratnamani Metals said

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 22 2022 | 10:57 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com