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Signet Industries Ltd receives order of Rs. 51.84 crore

Posted On: 2019-09-04 20:20:11

Signet Industries Limited, a diversified company engaged in manufacturing of plastic products and wholesale trade of chemicals and plastics, announced that it has bagged an order worth Rs 51.84 Crore from TATA Projects Limited (TPL) for supply of HDPE pipes for Hanotha Dam Irrigation Project.

Commenting on the order won, Mr. Mukesh Sangla, Chairman and Managing Director of Signet Industries Limited said "It gives me immense satisfaction to announce the receipt of order worth Rs 51.84 Crore from Tata Project Limited for supply of HDPE pipes for Hanotha Dam Irrigation Project. We expect to execute the order in this fiscal itself. The order reinforces our commitment of producing and supplying high quality products and establishing ourselves as a formidable player. We firmly believe that there is huge market for world class products in this segment and it is our continuous endeavor to capture huge upcoming opportunities ahead."

He further added "We continue to enhance and upgrade our manufacturing capabilities to cater to the growing demand."

Shares of Signet Industries Limited was last trading in BSE at Rs.24.35 as compared to the previous close of Rs. 22.55. The total number of shares traded during the day was 2308 in over 53 trades.

The stock hit an intraday high of Rs. 25 and intraday low of 22.1. The net turnover during the day was Rs. 55227.


Source: Equity Bulls

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