Rama Steel Tubes Ltd (RSTL), one of the leading manufacturers of Steel Pipes and Tubes, has received order from Himachal Pradesh State Electricity Board Limited aggregating to the tune of ~ Rs. 99 MN. This order will further strengthen RSTL's order book and credibility in the market.
Commenting on the announcement, Mr. Richi Bansal, Executive Director, Rama Steel Tubes Limited, said "We are proud to announce that the Compony has received order from Himachal Pradesh State Electricity Board Limited. Our sustained relation and credibility has yet again fructified in bagging us new prestigious order. RSTL has been associated with many State Corporations, even in the past and we celebrate our long-standing relationship with them. This order will help us in strengthening our position and credibility in the market. This order will also help us in achieving our targeted revenues at a slightly faster pace than what we had anticipated."
Shares of Rama Steel Tubes Limited was last trading in BSE at Rs. 422.25 as compared to the previous close of Rs. 413.15. The total number of shares traded during the day was 12894 in over 714 trades.
The stock hit an intraday high of Rs. 430.00 and intraday low of 419.00. The net turnover during the day was Rs. 5473146.00.