Ratnamani metals raises 2% on receiving orders of Rs.185 crores

Myequity news service | Date: 12-07-2018 09:30:00 IST

Ratnamani metals & tubes limited share price surges over 2 percent in early trade today on receiving new orders worth Rs 185 crores. Company has informed bourses yesterday that it has received a new domestic order for supply of coated Carbon Steel Pipe valued at Rs.185.00 Crores, to be completed by March 2019.

The Script was trading at 2.3 percent up at Rs 912 at around 9:20 AM IST. Stock reached intraday high of Rs 918.7.

About Ratnamani metals & tubes limited

Incorporated in 1983, company is the market leader in manufacturing Tubes & Pipes in Stainless Steel/Exotic as well as Carbon Steel material. It has three sprawling plants located in Chhatral, Indrad and Kutch in Gujarat produces a wide range of Stainless Steel Seamless & Welded Tubes & Pipes and Carbon Steel Welded Pipes which finds applications in sectors like refineries, petrochemicals, oil & gas, thermal power, nuclear power energy, fertilizers, water distribution, chemicals, aerospace etc.

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