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Surya Roshni gains 7%, hits record high on Rs 171 crore order win from IGGL

The company has obtained order amounted to Rs. 170.52 crore (excluding GST) for supply of coated line pipes to lndradhanush Gas Grid Limited (IGGL) for NorthEast gas grid pipeline project

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Illustration by binay sinha

SI Reporter Mumbai
Shares of Surya Roshni rallied 7 per cent and hit a record high of Rs 514.25 on the BSE in the intra-day on Tuesday after the company received order of Rs 170.52 crore for coated line pipes for gas grid pipeline project from Indradhanush Gas Grid (IGGL).

The stock of the company engaged in steel pipes and strips, lighting, and consumer durables business, surpassed its previous high of Rs 522, touched on February 9, 2018.

“The Company has obtained order amounted to Rs. 170.52 crore (excluding GST) for supply of coated line pipes to lndradhanush Gas Grid Limited