G I Engineering Solutions Ltd receives order of Rs. 16 crores

G.I. Engineering Solutions Limited has announced the receipt of first ever confirmed order for supplying Structural Steel with the single order valued an amount exceeding Rs. 160 Million. The company received the order from a reputed Infrastructure development company paving its way into project sales business for the infrastructure and construction materials.

The company has targeted to enter the Project Sales Segment along-side the distribution network for the infrastructural steel and eying a sales target to achieve Rs. 2000 Million of sales from its Infrastructural materials business segment during the financial year 2023-24.

Shares of GI Engineering Solutions Limited was last trading in BSE at Rs. 29.47 as compared to the previous close of Rs. 28.07. The total number of shares traded during the day was 105492 in over 362 trades.

The stock hit an intraday high of Rs. 29.47 and intraday low of 29.00. The net turnover during the day was Rs. 3107160.00.

Source : Equity Bulls

Keywords

GIEngineeringSolutions INE065J01016 OrderWin