Ratnamani Metals gains on order from L&T
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Shares of Ratnamani Metals & Tubes were up over 2% at Rs 602 after the company announced that it has received an order from engineering major Larsen & Toubro.
The order is for supply of Carbon Steel (CS) pipes worth Rs 528 crore (net of taxes and duties) and the order will executed by June, 2017, the company said in a release.
The company manufactures Tubes & Pipes in stainless steel/exotic material and carbon steel pipes, of several sizes for various applications.
The stock touched an intra-day high of Rs 622 and a low of Rs 599. At 11:40AM, over 83,000 shares were traded on both the stock exchanges.
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