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Ratnamani Metals bags order worth Rs 90 cr

Capital Market 

The order is to be completed between December 2020 and April 2021.

Ratnamani Metals on Friday said it received a domestic order worth Rs 90 crore in carbon steel division of the company for supplying coated CS pipes for oil & gas sector. The order is to be completed between December 2020 to April 2021.

Ratnamani Metals & Tubes is engaged in providing total piping solutions to a diverse range of industries.

On a consolidated basis, the company posted a 20.7% fall in net profit to Rs 49.71 crore on a 1.6% decline in net sales to Rs 578.07 crore in Q1 June 2020 over Q1 June 2019.

The stock rose 0.21% to Rs 1132.50 on Friday (11 September). The stock has gained 20.62% in the past one year while the benchmark S&P BSE Sensex gained 4.25% during the same period.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Sat, September 12 2020. 08:51 IST