Surya Roshni Bags ₹174.78 Cr Pipe Order! 🚀
Hey finance enthusiasts! 👋 Big news from Surya Roshni Limited (SURYAROSNI) that’s got investors buzzing. The company has just announced a substantial order win, bagging a contract worth a whopping ₹174.78 crore (including GST)! 🎉
This significant order is for the supply of MS Spiral Coated Pipes and comes from a key player in the sector, Construction & Infrastructure Development Co. It’s a domestic order, specifically for execution within Gujarat, which is great for regional development and the company’s footprint.
What does this mean for Surya Roshni? Well, securing such a large contract for specialized products like MS Spiral Coated Pipes highlights the company’s expertise and competitive edge in the infrastructure space. These pipes are crucial for various projects, from water supply to oil and gas transportation, indicating a strong demand in the sector.
The company expects to execute this order within 24 weeks, which is a relatively quick turnaround for a contract of this magnitude. This efficient timeline could mean faster revenue recognition and a positive impact on their financials in the near term.
Investors certainly took note! Following this exciting announcement, Surya Roshni’s stock saw a nice bump, trading up by 2.9% at ₹337.1. It’s a clear sign that the market appreciates strong order books and consistent business growth. Keep an eye on SURYAROSNI as they continue to build on this momentum! 📈
source: Corporate Announcement
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