BMW Industries Ltd receives new long term work order

BMW INDUSTRIES LIMITED has received a new long term work order, renewing its existing arrangement for the company's NH6 unit for Tubes manufacturing & associated services, which will be valid upto October 31, 2027. The contract value of the work order over the period of the contract is expected to be Rs. 188.61 Crores (Rupees one hundred eighty-eight crores and sixty-one lakhs only).

In addition to above, BMW Iron & Steel Industries Limited, a 100% subsidiary, has received a new long term work order, renewing its existing arrangement for the company's Adityapur unit for Tubes manufacturing & associated services, which will be valid upto October 31, 2027. The contract value of the work order over the period of the contract is expected to be Rs.176.09 Crores (Rupees one hundred seventy-six crores and nine lakhs only)

Shares of BMW Industries Ltd was last trading in BSE at Rs. 53.56 as compared to the previous close of Rs. 54.18. The total number of shares traded during the day was 242389 in over 2045 trades.

The stock hit an intraday high of Rs. 54.60 and intraday low of 52.89. The net turnover during the day was Rs. 12929494.00.

Source : Equity Bulls

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BMWIndustries INE374E01021 OrderWin