Ratnamani Metals & Tubes has received orders worth Rs 5.28 billion for supply of CS pipes from Larsen & Toubro. The oders shall be completed by June 2017.
L&T will use the pipes supplied the company to meet work requirement of orders received from Public Health Engineering Department, Ajmer, under the "Rajasthan Rural Water Supply and Fluorosis Mitigation project, Nagaur."
Ratnamani Metals & Tubes is a manufacturer of tubes & pipes in stainless steel/ exotic material and carbon steel pipes, in wide size ranges, for wide spectrum of applications.
Shares of the company gained Rs 15.45, or 2.63%, to trade at Rs 603.80. The total volume of shares traded was 18,759 at the BSE (2.46 p.m., Thursday).