Trishakti Industries jumped 4.23% to Rs 143 after the company has secured a significant contract from Jindal Stainless for supply of advanced heavy machines worth Rs 3.70 crore.
Shares of Jindal Stainless rose 0.91% to Rs 608.05 on the BSE.
Under this contract, Trishakti Industries will deploy state-of-the-art heavy machinery worth Rs 3.70 crore to support its ongoing steel project. The contract is set to be completed within 3 months.
This contract strengthens the collaboration between Trishakti Industries and Jindal Stainless, emphasizing its commitment to providing high-capacity equipment for large-scale projects. It further solidifies the companys position in the infrastructure sector and is anticipated to have a positive impact on its operational performance in the upcoming quarters.
Trishakti Industries provides infrastructure and oil & gas exploration services.
Jindal Stainless is engaged in the business of manufacturing stainless steel flat products in austenitic, ferritic, martensitic, and duplex grades.
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