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Tijaria Polypipes Ltd bags Rs. 44 crores order from L&T

Posted On: 2018-11-07 15:08:15

Tijaria Polypipes Ltd have been awarded orders amounting to Rs.44 Crores for supply of MDPE, HDPE PIPES & HDPE DUCT from L &T LIMITED. The same has to be executed within the next 2 to 4 months.

The company takes great pride in associating with one of the top most branded infrastructure conglomerates in India. We wish to inform, that the execution of earlier order of Rs 35.30 Crores received from Tata Projects Ltd is progressing as per schedule.

The growth of government infrastructure spending has created a very robust demand in the pipes segment. We foresee a huge demand of plastic pipes in future. The 'Make In lndia'initiative would further propel the growth & development of Indian pipe companies. The Company has also ramped up its marketing department and has inaugurated today its new Marketing Office (MO) at A-130, (H) Road no 9D, VKI Area, Jaipur- 302013.The management feels that a dedicated marketing team operating from the new state- of- the art MO will further result in marked increase in new order inflow. Company is quite confident that this is just the beginning and is looking at increasing a healthy order inflow in the pipes segment.

Shares of TIJARIA POLYPIPES LTD. was last trading in BSE at Rs.23.2 as compared to the previous close of Rs. 21.1. The total number of shares traded during the day was 193504 in over 450 trades.

The stock hit an intraday high of Rs. 23.2 and intraday low of 21.5. The net turnover during the day was Rs. 4440538.


Source: Equity Bulls

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