Sanghvi Forging & Engineering (SFEL), one of the Top Engineering And Forging Companies in India announces that it has bagged orders worth Rs 110 million from Oil & Gas Sector.

The said order has been bagged from the Domestic Market. The order has been secured from the Oil & Gas Sector which will further boost the sales of the company resulting into increased capacity utilization.

Jayanti Sanghvi, Managing Director, Sanghvi Forging & Engineering, said, "We are very glad to announce the news of winning an order of Rs 110 million from Oil & Gas sector. The said order will help the company to boost the sales hereby resulting into increased capacity utilization. It will support the Company to strengthen its position in the Oil & Gas Sector & to establish itself as a leading player in the same. These orders will be executed in the next 12 months." 

Shares of the company gained Rs 0.65, or 1.55%, to trade at Rs 42.50. The total volume of shares traded was 357 at the BSE (10.04 a.m., Thursday).